iRemittance Case Study
FinTech Solutions Architect & Technical Consultant • Nov 2010 – Present

iRemittance (Instant Remittance Platform)

Project Overview

Instant Remittance, code-named "iRemittance", is a reliable and secure money transfer system built for cross-border payments. It is designed for bank-grade security, strict Anti-Money Laundering (AML) compliance, efficient operations and fast settlement.

iRemittance runs from hubs in Dhaka, London, Sydney and Johannesburg, settling payments across borders. It handles currency exchange, regulatory reporting and secure transfers.

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Technical Actions & Architecture

Mohammed Tajul Islam architected multi-currency ledger engines, automated forex reconciliation workflows, and international anti-money laundering (AML) controls:

  • Global Corridor Routing: Designed transaction routing that connects the remittance hubs in Dhaka, London, Sydney and Johannesburg, with live foreign exchange (FX) conversion.
  • AML & Regulatory Compliance: Built automatic Anti-Money Laundering screening, triggers for suspicious transaction reports (STR) and KYC identity checks that follow central bank rules.
  • Cryptographic Security & Audit Logs: Put in place encryption of data, digital certificate checks, role-based access control (RBAC) and permanent transaction records for full audit compliance.
  • Banking Gateway Integrations: Built modular API adapters so the system can talk smoothly to partner banks, automated clearing houses (ACH) and payout channels, with SMS and email notifications.
  • Real-time Settlement & Treasury Balances: Designed distributed ledger databases that track partners' reserve funds and stop settlement figures from drifting apart.
iRemittance Global Transaction Monitoring Dashboard

Project Outcomes & Strategic Impact

With this design, iRemittance grew into a dependable international payments engine, handling large volumes across many global corridors without hiccups. By automating compliance screening and currency settlement, it helped partner money transfer operators keep 99.99% system availability while upholding strict anti-financial-crime standards.