KoenigFinance is a multifunctional platform that provides licensed companies with a full range of functionality to organize a business for instant money transfers without opening an account.
A well-functioning scheme of data exchange and mutual settlements between agents will allow you to expand the scale of your business without complicating the process of managing the company. Create an agent network to make instant cash transfers between your clients.
The KoenigFinance platform automates the interaction between your financial service and various money transfer systems through a single administrative panel. It also provides continuous monitoring of all key components, report generation for easy management and regulator reports, and much more.
Customers can easily and safely make money transfers from an agent's office or your company through an operator, as well as transfer money online from their personal account. The high speed of processing transactions, as well as comprehensive customer support, will ensure your company’s loyalty to the audience.
KoenigFinance's solution will make the process of instant money transfers simple and convenient for individual clients from an online account, and through a network of offline agents and branches.
At the time of sending money transfers, a unique identifier is generated. The sender must provide this identifier number to the recipient and by using this identifier, he can receive funds at the agent's office.
Agents exist as a network of physical offices located in different locations that interact directly with the client, both accepting and giving funds. Agents work with the payment system under an agreement, according to which a debit or credit account is created for the agent. Agents also have access to a special web interface where they can enter customer data, attach photocopies of client documents, create outgoing transfers, issue payments, as well as check transaction history, etc.
The KoenigFinance platform continuously monitors all agents, their accounts and transactions for KYC and AML compliance in real time. The process of sending funds from the sender's office to the recipient's office or country is simple, convenient and safe.
Monitoring of client activities is mandatory for all financial institutions, and includes client identification, verification of relevant documents, tracking suspicious transactions, risk management, etc.
The KoenigFinance platform includes monitoring mechanisms that allow you to effectively track customer risk using a variety of customizable scales, such as fraud, money laundering, sanction violations, corruption, illegal trade, terrorist financing, tax evasion, etc.
KoenigFinance provides a full set of options for collecting statistical data on various parameters, generating summary reports and detailed analyses of the performance of both the company and its agents.
Operational reports are presented in the form of dashboards, while each of the indicators of interest can be examined separately in a new window.
In addition to standard accounting and tax reports that comply with international standards (IFRS), you can customize individual reports in accordance with the internal interests and objectives of the company.
The software allows agents to rapidly download, create, edit and retrieve information about customers and their transactions. This allows the company to track user behavior and organize work with clients accordingly.
We have implemented various security mechanisms for controlling who, when and for what purpose gains access to the platform and user data.
Vital mechanisms for server log data monitoring are also part of the platform, ensuring PCI DSS compliance and facilitating timely and complex management of your technical environment. Various counters are available to create alarms that will be triggered in case of a critical event (sudden decrease of completed registrations, mass email delivery failure, etc.). Detailed logbooks help to detect, analyze, eliminate, and prevent the problem from recurring.
The toolkit of the KoenigFinance platform allows for flexibly configuring tariffication parameters, monitoring the relevance of tariffs, as well as setting up restrictions on the turnover of funds (limits) for individual customers or categories of customers.
Using the services of your money transfer system, the client will experience 24/7 support at all stages of work. All communication with the client takes place through a system of electronic requests (tickets) in the support service interface. A request can be created both by a client to a company employee and by a company manager to a client in order to request documents, clarification, or indicate the need to fulfill the established requirements in accordance with the terms of service.
Each request, regardless of how it was created, is assigned a unique tracking ID, which allows you to accurately track its status. All tickets are automatically grouped by topic, and verification requests are sorted by creation date to ensure the fastest and most efficient processing by a specialist. An internal comment and request redirection system helps to organize interaction between support specialists.
The use of snippets (templates for replies to common queries) significantly reduces the response processing time. Snippets can be structured based on the needs of your organization and translated into any number of languages.
An added benefit is the built-in online chat functionality, which can serve to resolve urgent customer issues in real time.
KoenigFinance solution provides great opportunities for the growth and development of your business, without complicating the process.
You can integrate the API of third-party services - international money transfer systems (such as Unistream, Leader, ContactSys, etc.), payment services, banks, payment gateways, SMS gateways, mail gateways, document verification services, data verification, compliance monitoring, KYC, AML and many others.
By connecting to third-party services, you expand the capabilities and functionality of your business, thereby increasing the number of new customers and offering more services to existing customers.
KoenigFinance contains integrated tools for promoting your services in the market and increasing new and existing customers’ motivation.
The KoenigFinance software environment includes a content management system that enables you to take care of the content across all your service channels: website pages, news, emails, SMS, etc.
The CMS empowers you to effortlessly modify and localize your pages, adapting the website for regional audiences and creating multiple language versions.
It also allows for tracking modifications to content items, rolling back to any previous version, and seeing who made what changes.
The CMS has various counters and statistical tools that prove very handy when calculating salaries for your freelance translators: you'll be able to get a total amount of words translated by a person in a certain period of time in a couple of clicks.
KoenigFinance’s software is deployed on servers to which your managers connect via a browser. This simplified architecture entails a myriad of benefits:
Money transfers can be sent by clients both from the agent's office or your company through the operator, or online from the user's personal account.
The process of sending a cash money transfer is as follows: the client chooses a suitable money transfer system, depending on the location of the recipient, and creates a request for a transaction.
At this moment, a unique identifier is generated, which the sender must provide the recipient so that the money sent to him can be received.
A personalized customer account allows the client to independently manage their account:
KoenigFinance includes a complete set of tools for promptly informing customers about everything related to their accounts and funds. Alerts are implemented for almost all communication channels:
The messages functionality is indispensable for informing customers about any customer-related events:
Knowing that more and more people prefer to use a variety of services from their mobile devices, KoenigFinance offers an SDK to create a native mobile application that will allow your customers to perform the necessary operations anytime, anywhere:
KoenigFinance provides a set of API functions; you define a range of features and applications available to users, and create your own design.
To protect access, the application can automatically apply biometric identification technologies available on the respective platform (iOS, Android): recognition of fingerprint, face, voice, etc.
For each account, individual API settings are available for full integration with the back-end of a store or other service. The API allows you to automate almost any action within the system - from client registration to billing. This minimizes the error inherent in manual handling of operations.
You also have access to the Webhooks Instant Notification Service (also known as IPN, i.e. Instant Payment Notification). If a webhook script is available, the payment system or the merchant will be able to receive notifications, for example, in the event of a change in the status of a transaction. With up-to-date information about transactions and other events, you can set up appropriate responses: send an invoice, generate an authorization code, refund, etc.
You decide which APIs to make public and which to give only limited access. For private APIs, special keys are used with individual settings for available functions, limits, etc.
We provide detailed technical documentation with all the information required to accept payments and set up APIs, including code examples for IT professionals integrating your payment solution.
KoenigFinance's components have been developed with particular attention on ensuring the safety of customer funds.
We are always happy to answer any of your questions regarding the features and capabilities of the KoenigFinance platform as well as provide real-time demonstration of our products.
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