Project Overview
Sahab is an advanced financial technology platform engineered to meet the dynamic needs of money exchange and remittance companies. By integrating essential financial operations—such as currency exchange, remittance, customer management, compliance, accounting, and finance—into one seamless interface, Sahab revolutionizes how financial service providers operate. With deep integration capabilities including services like Western Union, Sahab ensures secure, compliant, and scalable money transfer processes on both local and international levels.
Sahab
Fintech
9 Months
2024
Before Sahab, the client was using multiple disconnected tools for handling transactions, compliance screening, accounting, and customer profiling. This disjointed setup led to:
- Redundant manual processes
- High risk of compliance violations
- Poor scalability and difficult reporting
- Weak user experience for staff
They needed a unified platform capable of real-time monitoring, automation, integration, and complete financial oversight.
- Complex AML & Compliance Requirements
- Integration with Third-Party Services (e.g., Western Union)
- Lack of Centralized Reporting & Monitoring
- Manual Risk Scoring & Screening Systems
- Outdated User Experience & Design Standards
- Fragmented Operational Workflows
- Limited Scalability for Multi-branch or Multi-currency Support
- Inconsistent Data Across Modules
At FikraTech, our primary objective in developing Sahab was to empower money exchange and remittance companies with a modern, unified, and fully compliant platform that simplifies operations, enhances regulatory adherence, and enables scalable growth.
- ✅ Unify core financial operations—remittance, exchange, compliance, accounting—under one secure platform
- ✅ Automate AML and compliance workflows to minimize risk and human error
- ✅ Integrate seamlessly with third-party services like Western Union and regulatory APIs
- ✅ Modernize the user experience with an intuitive, responsive interface optimized for productivity
- ✅ Enable real-time monitoring and decision-making through centralized dashboards and dynamic reporting
- ✅ Design for scalability, ensuring the platform can support multi-branch, multi-currency, and multi-language environments
- ✅ Deliver operational efficiency, reducing manual tasks and accelerating transaction processing
System Modules
Project Timeline
Core Features
Enables real-time management of currency exchange operations with dynamic rate control, multi-currency support, and instant profit/loss calculation. The system supports both cash and electronic transactions and logs each exchange with customer and staff audit trails.
Handles all aspects of cross-border and local money transfers. Integrates with external services like Western Union and automates fee structures, payout partners, and transaction tracking. Includes KYC/AML compliance checks at the point of transaction.
A full-featured accounting module tailored for financial institutions. Includes VAT tracking, trial balance, profit/loss reports, journal entries, and automated end-of-day reports. Ensures transparency and audit-readiness with every transaction logged and categorized.
Centralized customer profiles with full history of transactions, risk ratings, ID verifications, and compliance flags. Supports document uploads, blacklist status, and tiered customer segmentation for custom rules and risk thresholds.
An intelligent compliance system developed by FikraTech. Performs real-time name screening against global watchlists (OFAC, PEP, etc.), calculates dynamic risk scores, flags suspicious activity, and enforces AML rules configured per jurisdiction.
Offers real-time access to financial, compliance, and operational reports. Customizable dashboards and advanced filtering allow managers to instantly view branch activity, revenue, suspicious transactions, currency trends, and more.
Flexible admin panel with granular permissions and role management. Admins can create branches, define user roles, customize settings per user group, and manage access to features, reports, and financial data.
Sahab integrates with a wide range of external systems and APIs, including:
- Western Union remittance systems
- Email and SMS notification services
- Regulatory APIs for KYC/AML verification
- Currency rate providers for live updates
Built for global scalability. Sahab allows managing multiple branches with unique configurations and supports multilingual interfaces to accommodate diverse staff and customer bases.
Project Outcomes
Operational efficiency improved by 35% through automated workflows, real-time dashboards, and centralized modules. Staff could complete tasks faster with fewer errors, reducing reliance on manual processes and significantly increasing overall productivity across departments.
SahabGuard's real-time AML screening and dynamic rule engine led to a notable drop in compliance violations. The platform enabled proactive risk management by flagging suspicious transactions, enforcing configurable rules, and maintaining continuous alignment with regulatory standards.
Transaction handling became 50% faster thanks to a smart, shortcut-driven interface and minimal-click workflows. Staff navigated the system quickly, reducing queues, improving service delivery, and ensuring higher throughput even during peak operational hours.
Sahab's modular infrastructure allowed effortless expansion across new branches, currencies, and third-party systems. Designed with future growth in mind, the platform scaled with minimal reconfiguration, supporting both regional and international operations with full stability.
From Our Partners
The major benefit of FikraTech is that they do not only think like developers, but also like business owners and entrepreneurs. We benefited from their experience of building and operating digital products.