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REMITTANCE SOFTWARE FOR BANKS
Remittance Software for Banks to Launch and Modernise Cross-Border Transfers
No Internal Build. No Multi-Year Project.
NetRemit, an ISO Compliant Remittance Software Platform for Banks built to deliver success by
- Configurable AML/KYC workflows and global remittance compliance controls
- No spreadsheet, no manual reconciliation
- One system for compliance, ops and reporting
- Go-live in weeks - Your brand, Your rates, Your controls
- Regaining market share and scaling revenue
Banks Can Turn Cross-Border Remittance Demand Into Growth
NetRemit empowers banks to turns existing customer relationships into a scalable remittance business using powerful infrastructure that delivers digital capability, controls, and visibility.
Diaspora Customers Moving to Fintechs
Banks risk losing corridor-led customers when international money transfer services are slower, less transparent, or harder to use than fintech alternatives.
Manual Operations Hard to Scale
Branch-led workflows, spreadsheets, and disconnected tools increase operational effort, turnaround time, and exception handling.
Internal Builds Take Too Long
Building modern remittance software by banks in-house demands distracting development cycles and heavy operational maintenance across corridors, FX, and compliance workflows.
Compliance Workflows Under Pressure
AML/KYC, sanctions, transaction rules, beneficiary validation, maker-checker reviews, alerts, and audit evidence are difficult to manage through siloed processes.
Fragmented Visibility & Reconciliation
Need clearer visibility across core banking, ledger, payment gateways, payout partners, exceptions, settlement, and reporting.
Untapped Customer Demand
Banks may already serve diaspora, SME, and corridor-linked customers, but without the right remittance strategy and digital proposition, that demand remains unused or moves to competitors.
Everything Your Bank Needs to Run a Remittance Business
NetRemit’s cost-effective international remittance software for banks helps deliver seamless money transfer services, retain customers, and grow revenue while working with existing banking systems and operations.
Bank Operations Control Centre
Challenge:
Disconnected back-office tools, manual approvals, and fragmented branch oversight make remittance operations hard to control at scale.
NetRemit Capability & Bank Outcome:
NetRemit – Cross Border Payment Suite centralises users, roles, approvals, operational rules, partner records, and transaction oversight to improve governance and day-to-day control.
Compliance Workflow & Risk Controls
Challenge:
Compliance teams need configurable controls, review workflows, and audit visibility across the full remittance lifecycle.
NetRemit Capability & Bank Outcome:
Supports onboarding workflows, AML/KYC checks, transaction limits, beneficiary validation, maker-checker approvals, risk flags, and audit trails to strengthen control and review visibility.
Core Banking & Reconciliation Integrations
Challenge:
Banks need clearer visibility across core banking, ledger, accounting, payment gateways, payout partners, and settlement flows.
NetRemit Capability & Bank Outcome:
Connects banking and partner systems to improve straight-through processing, reconciliation visibility, and settlement oversight.
Corridor, Currency, FX & Fee Management
Challenge:
Banks struggle to control corridor pricing, FX margins, preferential rates, and fee models across customer segments.
NetRemit Capability & Bank Outcome:
Our NetRemit international remittance software enables configuration of corridors, currencies, FX slabs, fees, margins, and preferential pricing to support revenue control.
Branch, Web, Mobile & API Channel Control
Challenge:
Customers expect digital-first remittance, while banks may still need assisted-service workflows across branches and internal teams.
NetRemit Capability & Bank Outcome:
Supports white-label web/mobile journeys, branch-assisted transactions, portal controls, alerts, and API-led delivery under the bank’s brand.
Reports, Analytics & Audit Visibility
Challenge:
Transaction performance, customer behaviour, FX commission, operational revenue, and exceptions are often hard to track.
NetRemit Capability & Bank Outcome:
Provides 40+ reports across transactions, revenue, FX commission, customer behaviour, and operations for better decision-making.
Exception, Incident & Case Management
Challenge:
Failed payments, held transactions, customer queries, and service issues can create delays and poor customer experience.
NetRemit Capability & Bank Outcome:
Helps teams track, escalate, communicate, and resolve service issues faster through built-in case management.
Customer Growth & Retention Tools
Challenge:
Existing diaspora, SME, and corridor-linked customers may remain underused without targeted engagement.
NetRemit Capability & Bank Outcome:
Supports promotions, loyalty, behaviour insights, and targeted campaigns to convert existing demand into repeat remittance usage.
Built to Support Every Team Behind Bank's Remittance Growth
NetRemit gives stakeholders the control, visibility, documentation, and operating model needed to evaluate, approve, launch and scale digital remittance services with confidence.
Customer, Relationship & Treasury Teams
Turn customer demand into stronger remittance engagement
Help frontline and FX teams identify cross border payments opportunities, support existing customer relationships, and offer a branded digital remittance proposition that keeps more cross-border activity within the bank.
Product, Digital & Channel
Teams
Add remittance capability without slowing your roadmap
NetRemit supports white-label and API-led remittance software, helping product teams introduce international money transfer services while retaining control over customer experience, channel strategy, and future product priorities.
Risk, Compliance, Finance & Legal Teams
Give approval teams the clarity they need
Support internal review with clearer visibility across compliance workflows, audit trails, data ownership, integration scope, reconciliation, reporting, and operational controls required for a bank-grade remittance model.
Executive Leadership & Strategy Teams
Build a controlled route to new remittance revenue
NetRemit helps leadership turn existing customer relationships into scalable international remittance growth, with stronger control over operating cost, corridor expansion, compliance workflows, customer ownership, and long-term platform strategy.
A Regulatory-Grade Remittance Software for Banks Enduring Commitment to Data Security and Compliance
NetRemit is compliant with all key bank's regulatory requirements on security, data privacy, cyber threats and endures frequent internal and external audits and remediation.
Data Security & Encryption
Controls
- Robust 256-bit encryption
- Asymmetric AES with RSA / Diffie–Hellman key exchange
- Secure data capture
- SAS, EIT, EAR encryption standards
- JWS for secure packaging & update management
- GUID implementation for unique, tamper-proof identification
- SOAP API services with secure encoding
- Microsoft Enterprise-grade Security
Application Security & Access Protection
- Complies with ISO & OWASP security standards
- Parameter-level validation to prevent injection attacks
- Behaviour-based security CAPTCHA
- URL copy prevention
- 3D Secure authentication
- Latest MVC framework security standards
- Strong customer authentication
- Session management to prevent hijacking
- IP restrictions for the Admin Portal
Network & Infrastructure
Security
- SAS, EIT, EAR, NLC and multi-layer firewall protection
- Physical and Web Application firewalls
- Malware protection
- Periodic VAPT (Vulnerability Assessment & Penetration Testing)
- Secure authentication and access control
- Resilient hosting environment (implied by enterprise-grade setup)
Governance, Compliance & Data Handling
- Stringent data retention policies
- Compliance with ISO security frameworks
- Compliance with OWASP secure coding practices
- Admin-level access restrictions
- Full auditability via SCV Alliance governance
Proven Results Delivering Remittance Software for Banks By NetRemit
From Legacy Laden to Leader Again: UK Foreign Bank Revives P2P Cross-Border Market Share with NetRemit
Legacy System Draining Your P2P Profits? Discover how a leading UK bank revived its P2P international remittance business with NetRemit’s modern solution.
Future-Proofing P2P Payments: Rescuing a UK Bank from Legacy Security Traps with NetRemit
Legacy System Cripples P2P Security: NetRemit Strengthens UK Bank’s Security, Eliminating Legacy System Vulnerabilities.
Overriding Legacy Cross-Border Remittance Platform Barriers with NetRemit
Modernizing its cross-border platform has simplified an international money transfer process at a foreign bank in the UK, ensuring compliance and automation while increasing customer satisfaction.
Revolutionizing Fraud Detection & Compliance in Cross-Border Payments
A Case Study of a UK Bank Enhancing their Customer Onboarding with Effective AML/KYC Compliance Checks using NetRemit
Trusted by UK-regulated Financial Institutions
What Our Clients Say
I am pleased to announce the launch of HBL UK FastTransfer, which is now live! This solution enables UK-resident individuals to easily send payments to their friends and family in Pakistan. The UK–Pakistan remittance corridor is a key offering, and this platform enhances our ability to serve customers with a fast, smooth, and reliable remittance experience.
I would like to acknowledge the strong technical capability of our partner, Macro Global. Their NetRemit platform, along with their expertise in security and systems integration, has provided a solid foundation for this launch and positions us well for long-term growth.
I would like to acknowledge the strong technical capability of our partner, Macro Global. Their NetRemit platform, along with their expertise in security and systems integration, has provided a solid foundation for this launch and positions us well for long-term growth.
RBL has worked with Macro Global for over three years. We find their service to be first class. The team are exceptionally helpful and professional. In our opinion we couldn’t ask for a better business provider and would recommend Macro Global to all concerned.
Pleased with the timely delivery, excellent service standards, easy accessibility and professional approach of the Macro global team. From our business experience of the past 5 years, we can say it is a reliable, growing outsourcing firm excelling in execution, customer support and delivery commitments, and helping us to meet the regulatory reporting targets.
I feel that the team at Macro Global is amongst one of the best I have ever interacted with in my career. Their expertise in the subject matter, understanding and documentation of processes, detailing of every step of the project and ability to deliver on regulatory reporting (SCV & CRS) and technology platforms (PSD2) amid tight timelines is commendable. This coupled with an visionary leader – Saro, guiding them is a sure-shot recipe for success. I wish them best of luck and am sure they will grow to even greater heights!
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Remittance Knowledge Base for Banks
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FAQs About NetRemit, The Matured Remittance Software for Banks
What is NetRemit remittance software for banks?
NetRemit is a white-label remittance platform for banks helps financial institutions offer cross-border money transfer services under their own brand. It supports customer onboarding, beneficiary management, transaction processing, FX and fee configuration, compliance workflows, reporting, reconciliation, and operational controls.
Can NetRemit integrate with our core banking and payment systems?
Yes. NetRemit is designed to support integration with core banking systems, ledger and accounting platforms, payment gateways, payout partners, FX providers, AML/KYC providers, and other third-party systems. Final integration scope is agreed during solution design.
Can NetRemit support both branch-led and digital remittance operations?
Yes. NetRemit can support branch-assisted workflows as well as branded web and mobile remittance journeys, helping banks manage both staff-led and customer self-service channels from a controlled operating model.
Does NetRemit replace our compliance obligations?
No. Banks remain responsible for their own regulatory and compliance obligations. NetRemit supports compliance workflows through configurable controls, AML/KYC integration support, transaction rules, maker-checker reviews, audit trails, and reporting.
Can banks migrate existing customer and transaction data into NetRemit?
Yes, subject to data quality, source system structure, and agreed migration scope. Macro Global can support data mapping, migration planning, validation, and transition from legacy or existing remittance platforms into NetRemit.
Who owns the customer and transaction data in NetRemit?
The bank retains ownership of its customer and transaction data. Data handling, storage, access, retention, export, and backup arrangements are defined through the agreed implementation, hosting, and contractual model.
Does NetRemit hold customer funds or act as the regulated remittance provider?
NetRemit is a remittance technology platform, not a substitute for the bank’s regulated obligations. The operating model, fund flow, safeguarding, settlement, and regulatory responsibilities should be agreed based on the bank’s licence position, partners, and jurisdiction.
What support does Macro Global provide during implementation?
Macro Global can support solution design, configuration, integration planning, data migration, testing, training, rollout, managed services, and go-to-market readiness depending on the agreed implementation scope.
How long does it take to launch a remittance platform for banks?
The deployment timeline for NetRemit depends on each bank’s integration scope, compliance workflows, data migration, and operating model. NetRemit supports a structured implementation approach to help banks launch or modernise remittance services with greater control and reduced internal build effort in weeks not months.