Case Study: United Commercial Bank achieves centralized remittance management with RemitONE

RemitONE Helps Leading Private Bank Centralise its Business Critical Remittance Information from Global Exchange Houses

United Commercial Bank (UCB) is a leading private bank in Bangladesh serving the remittance market across Singapore, the Middle East, and Bangladesh. UCB needed a way to exchange transactional information with hundreds of source agents that used different remittance systems and file formats, while still centralizing and efficiently distributing payout data. Remit One was chosen to help address this challenge with its Money Transfer Management Solution.

Remit One implemented the RemitONE Money Transfer Management Solution (R1 MTMS), enabling UCB to accept transactions in multiple formats, centralize business-critical information, and auto-route payouts across its branch network. The solution improved business process management, enhanced customer service with faster processing and SMS notifications, and helped UCB achieve cost savings, higher ROI, and new market penetration by making it easier for more MTOs and exchange houses to connect with the bank.

United Commercial Bank

Sohrab Mustafa

Svp & Head Of Id