Fable Fintech offers a digital remittance platform for banks and money transfer operators, enabling them to launch and manage their cross-border payment services. The system integrates with global payment gateways and third-party verification services to ensure AML/CFT compliance and efficient transaction processing across over 60 countries.
Funding
Funding not disclosed
AKLSFounders
Product
Problem
Financial institutions and money transfer operators face challenges in managing cross-border payments due to high transaction costs, lack of transparency, long settlement periods, and limited accessibility. Integrating with multiple payment gateways and third-party services adds technical complexities and increases operational costs. This fragmented approach stifles rapid growth and exposes core banking applications to multiple entities, increasing risk.
Solution
Fable Fintech offers a cross-border payment platform that enables banks and money transfer operators to launch and manage their global payment services efficiently. The platform provides end-to-end solutions for both inward and outward remittances, streamlining operations and reducing costs. It integrates with an extensive network of payment gateways, regulatory technology products, and disbursement partners, offering a single integration point for accessing a global payment ecosystem. The platform's modular design allows financial institutions to rapidly deploy a branded digital remittance service, manage partners, automate compliance, and optimize treasury functions.
Target Audience
The primary target audience includes banks, money transfer operators (MTOs), and exchange houses seeking to streamline cross-border payment processes, reduce operational costs, and expand their global reach.
Features
- Configurable global payments SaaS platform with a plug-and-play architecture
- Pre-integrated with payment gateways, regulatory technology, and disbursement partners
- Multi-currency and multi-corridor support for international remittances
- Automated remittance transaction processing with real-time status updates
- Compliance automation with AML screening, KYC checks, and regulatory reporting
- Treasury solutions for real-time FX management and partner integrations
- API hub for integrating with third-party services and internal systems
- White-label options for a branded digital remittance service