Koenigfinance Solutions for Money Transfer System

Onboarding

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.

Analytics and Reporting

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.

• Create standard accounting and tax reports.
• Evaluate the effectiveness of the work of branches and employees. All actions of managers in the system are logged, the manager can get acquainted with the manager's answers to clients, search for requests by the responsible specialist, etc.
• Analyze data on traffic, conversions and other marketing metrics in the “Web Analytics” section.

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.

Tariffs and Limit Control

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.

• Revise the grid tariffs for services provided in accordance with market changes and your internal financial policies.
• Activate daily and monthly transaction limits for specific clients or groups of clients with a certain level of risk (maximum amount of incoming / outgoing transfer).
• The system supports separate settings for different types of payments: payments, bank transfers (direction: incoming / outgoing; sending method: SWIFT, SEPA; sending type: SHA / BEN / OUR, etc.), cash transfers, exchange transactions, and various system fees (e.g., monthly payments, dormancy fee, etc.).

Third-Party Web Service API Integrations

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.

• Ready-made integrations out of the box.
• The ability to easily and quickly integrate with almost any other service.

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.

Content Management System (CMS)

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.

Client's Personal Account

A personalized customer account allows the client to independently manage their account:

• Check the status of verification (onboarding).
• Use money transfers to fund your account, pay invoices, send to third parties and withdraw cash.
• Control all your balances.
• Transfer funds between your own accounts.
• Make any financial transactions in a few clicks (pay a receipt, withdraw funds, etc.).
• Exchange currency within the account.
• Automatically convert the currency in cases where the recipient's currency is different from the currency of the sender.
• View the history of all completed transactions with the ability to search for the specific transactions and export account statements.
• Create templates for frequently repeated transactions.
• Manage subscriptions and pre-approved payments (direct debit).
• Bind the details of a payment card or bank account to the account.
• Create requests for the issue of plastic cards and other products.
• Manage your profile and security settings for entering your account.
• Create support requests and view the history of previously created requests.
• Generate reports, analyze expenses, and more.

SDK for Mobile App

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:

• Balance check.
• Accept and send payments, currency exchange.
• Support communication.
• Receive push notifications and more.

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.

Reliable Account Protection

KoenigFinance's components have been developed with particular attention on ensuring the safety of customer funds.

• In accordance with the Payment Services Directive (PSD2), the platform provides for a multi-factor user authentication mechanism for transactions with an account via the Internet.
• To protect access to the account, two-factor authentication is also used, in which a PIN code is generated on the client's device and delivered to a phone, email address or messenger.
• The client can improve the security of the account with additional options, such as secret questions when resetting a password and limiting the range of IP addresses that can enter the account.
• If a client has difficulty accessing the account, they can quickly reset the password without resorting to the help of the support team. A PIN code to restore access will be sent to your phone, email or messenger; you can configure the appropriate options in the account security section.
• When an attempt is made to access the account from an atypical IP address (location), the client must be additionally identified using a PIN code.