At the DRIVERS OF DIGITAL SUMMIT AND AWARDS 2018 event in Mumbai, excellence awards were presented to several technology leaders in the market.
While there were several other entries competing equally for the Best Use of Digital media/platform in the banking sector category, our product LastMile won the race with its ultimate and efficient service features.
LastMile is a robust, state-of-the-art, bank-grade cross-border remittance technology platform that facilitates processing of remittance transactions through the vostro account model.
Presently, the LastMile platform is being used by Kotak Mahindra Bank and AXIS Bank. Some features of LastMile which have made it grab this prestigious award are:
- Easy one window interface with exchange companies, other banks, and digital remittance companies on the sending side.
- Multiple access options such as: seamless system connectivity (Host to Host), easy file uploads and direct access to the partner.
- Can manage multiple currencies.
- Can screen against anti-terror list and carry out anti-money laundering checks.
- Can deliver to bank accounts, wallets, and card numbers.
Recently, Avenues Payments also successfully partnered with Ripple and integrated LastMile with Ripple. Now, LastMile users can remit with the efficiency of Ripple’s strong and secure blockchain technology.