Case Study: Bank Asia achieves compliant, efficient remittance growth with RemitONE

Empowering Remittances to South Asia and Beyond with Bank Asia

Bank Asia, a major private-sector bank in Bangladesh, needed to support its UK subsidiary, B A Exchange, with a remittance platform that could meet FCA KYC and AML requirements, handle high transaction volumes, and let customers send money either online or through a branch. The bank turned to Remit One for a multi-channel solution, using its Money Transfer Engine™ along with Agent Remittance Manager™ and Online Remittance Manager™.

Remit One implemented an end-to-end remittance platform that included compliant KYC/AML checks, legacy data import, configurable compliance rules, and online remittance with social media integration. As a result, Bank Asia achieved significant cost reduction, improved brand recognition, better staff and agent empowerment, and stronger fraud mitigation while staying compliant across branch and digital channels.

Bank Asia