NEXT-GEN TECHNOLOGY 

RIG SWITCH FEatures

  • Transaction Routing and Switching: Efficiently route and process transactions between different financial institutions, payment gateways, and service providers.


  • Interoperability: Ensure seamless integration with various banking systems, UPI networks, remittance platforms, and currency exchange services.


  • Security: Implement robust security measures, including encryption, fraud detection, and compliance with regulatory standards like PCI DSS for transaction security.


  • Scalability: Handle high volumes of transactions with minimal latency, ensuring quick and reliable service even during peak times.


  • Real-time Processing: Support real-time transaction processing to facilitate instant payments and remittances.


  • Multi-Currency Support: Enable currency conversion and cross-border transactions with dynamic exchange rate management.


  • Audit and Compliance: Maintain comprehensive logs for auditing purposes and ensure compliance with local and international regulations.

Finaara's

RIG Modules

Finaara's RIG Switch the next-generation software switch for handling UPI transactions, DBU/ATM/Bank on Wheels transactions, money remittance transactions, and money changing transactions is a comprehensive and ambitious.

UPI SWITCH

Unified Payments Interface Switch

DBU SWitch

Digital Banking Switch

Bank/MSB CRM

 Banking & MSB CRM

currency management

 Currency, Cassette and Denomination

Reconciliation

 Bank. MSB and Customer Reconciliation

Multicurrency

 Multi-Currency Management

Money exchnage

 Money Changing or Exchange Switch

Remittance

 Money remittance Switch for MSB

Finaara Product & Solutions

‌RIG (Regulating Interface Gateway) Switch for Banks and Money Service Businesses (MSBs) that enables centralized and interoperable transaction technologies.

AVRM & AVRM PRO

AVRM (Automated Verifiable Remittance and Money exchange) and AVRM Pro are advanced solutions by Finaara aimed at enhancing the efficiency and security of ATM transactions, remittance, and money exchange processes, eliminating the need for intermediaries.

Digital Banking Unit

DigDigital Banking Unit (DBU) with more than 35 banking and Money Service Business (MSB) use cases, including capabilities for remittance, forex, and interoperable deposit and withdrawal, is a robust and versatile financial solution.

Bank On Wheels

Remotely operable Bank On Wheels or mobile banking solution is designed to bring comprehensive banking services to various locations, especially underserved or rural areas with most of all banking solution including money transfer and Exchange.

Android ATM

An Android-based ATM and Android-based Digital Banking Unit (DBU) that enable interoperable deposit and withdrawal are innovative solutions designed to provide flexible and user-friendly banking services.

ATM SWITCH

Ensure all devices (ATM, DBU, AVRM, Bank on Wheels) use     secure communication protocols. Based on ISO 8583 for financial  transaction originated messages.


Forex Switch

National Forex Switch to connect all Money Service Businesses (MSBs) or a Centralized Forex or Money Exchange Network is a platform designed to streamline and manage currency exchange transactions efficiently and securely.

Remittance Switch

National Remittance Switch or Centralized Remittance Network designed as an edge-based platform aims to enhance the efficiency and security of remittance transactions.

ERP Solutions

ERP solution for Money Exchange and Remittance that includes modules such as HRM, CRM, Inventory Management, and Dynamic Compliance is a powerful platform designed to integrate and optimize various business operations.