Founded in 2009, Eastern & Allied (EA) is a leading provider of international money transfer, payment, and foreign currency exchange services
As a leading global financial services provider specializing in international money transfers, payment services, and foreign currency exchange, Eastern & Allied required a robust international money transfer platform capable of facilitating secure card transactions, seamless currency exchange, and efficient cross-border payments between Australia and other countries
Challenges
During the development process, the company faced critical challenges, including:
- The complex and evolving industry standards for international transactions and currency exchange
- EA’s internal team lacked the necessary expertise to modernize the transaction processing system
- Limited integration capabilities hindered the system’s ability to work seamlessly with other financial services software
- All upgrades had to be executed without disrupting ongoing operations
Impressed by LARION’s 20 years of experience and numerous successful projects in the banking and fintech industries, EA selected LARION as their trusted technology partner to overcome their challenges
Project Implementation
Our development process of the international money transfer platform follows a staff augmentation delivery model, with a dedicated team of 7 highly skilled professionals working collaboratively over a span of 2+ years. The team includes:
- Front-end engineer
- Back-end engineer
- Mobile developer
- Data engineer
- QA engineers
- UI/UX designer
Using the Scrum methodology, we ensure iterative development with bi-weekly sprints, daily stand-ups, and weekly progress meetings for continuous alignment.
Our technology stack is built for performance and scalability, utilizing:
- Web application: JavaScript frameworks (React JS, Next.js, Vue.js)
- Mobile development: React Native
- Backend:Spring Boot, Express, and Python
- Databases: MongoDB, MySQL 6, and Firebase
- Deployment: Jenkins & ArgoCD
- Version control: GitLab & Bitbucket
- UI design: Tailwind & Bootstrap
- Collaboration tools: Skype, Google Chat, and Google Meet
- Project documentation: Confluence and Google Docs
Results
Built in just 6 months, the platform delivers powerful features for secure, fast, and seamless transactions:
User Registration and Verification
- Secure user registration process
- Verification of identity and address
- Compliance with KYC and AML regulations
Fund Deposit and Withdrawal
- Multiple deposit methods (cash, bank transfer, credit/debit card, etc.)
- Secure withdrawal options (bank transfer, cash pickup, mobile wallet, etc.)
- Real-time or near-real-time transaction processing
Money Transfer
- Sender and recipient information
- Transfer amount and currency selection
- Fee calculation and display
- Transaction initiation and tracking
Exchange Rate
- Real-time exchange rate display
- Competitive exchange rates
Transaction History
- Detailed transaction history for both senders and recipients
- Search and filter transactions
Security & Compliance
- Regular security audits and vulnerability assessments
- Data encryption and protection
- Compliance with data privacy laws (GDPR, CCPA)
