Architecture design of Mastercard integration for Moneff
The challenge for Moneff, a UK-based electronic money institution, was to offer
multi-currency debit cards to their clients while avoiding double currency conversion fees. This ability was seen as a crucial competitive advantage for the client company.
We helped Moneff enhance the
core payments and ledger modules and design the card operations. This took into account:
- Mastercard requirements on transaction authorisation deadlines;
- Multi-currency operations;
- EMI regulations, money safeguarding.
We delivered a
sustainable system design.
Customer onboarding and ongoing monitoring for Moneff
The challenge was to redesign and automate the customer due diligence and monitoring processes. They also needed to centralise data storage, while maintaining ongoing operations.
Our approach involved collaboration with all stakeholders, including the compliance team, the tech team, and external vendors. Together with Moneff's tech team, we proceeded to deliver the new process elements and features in incremental batches, ensuring minimal disruption to ongoing operations.
We delivered a modern customer due diligence and monitoring system.