A comprehensive solution designed specifically for exchange houses and money service businesses.
PurpleWings is a comprehensive remittance and forex core solution designed specifically for exchange houses and money service businesses. Built to handle high transaction volumes with accuracy and control, PurpleWings brings together remittance operations, forex management, compliance, and financial controls into a single, unified platform.
From customer onboarding to settlement and reporting, PurpleWings supports the entire lifecycle of remittance and forex operations, ensuring operational clarity, regulatory readiness, and day-to-day efficiency.
PurpleWings is designed to be robust, configurable, and scalable, adapting to the operational realities of exchange houses across regions. Whether deployed as a standalone core or integrated with other PURPLEBC solutions, it provides a reliable foundation for secure, efficient, and future-ready remittance and forex operations.
Flexible system configuration with multi-level authorization controls. Define workflows, approval hierarchies, and user roles to match internal policies.
Complete KYC documentation, verification status, and transaction history. Supports secure onboarding and customer due diligence.
Maintain relationships with clear visibility into partners, settlement terms, limits, and transaction routing.
Handle accounting entries, balances, and settlements across multiple accounts with accuracy and traceability.
Process domestic and international transactions efficiently with full visibility into status and settlements.
Manage multiple currencies, buy/sell rates, margins, and effective periods for controlled forex operations.
Support dealing activities with controlled execution and approvals to manage exposure and pricing.
Built-in transaction monitoring and compliance checks to identify suspicious activity.
Track and manage organizational fixed assets for better financial oversight.
Manage cash positions, cheque transactions, vault balances, and daily movements with clarity.
Simplify bank and correspondent reconciliations with structured workflows and audit trails.
Comprehensive operational, financial, and compliance reports for informed decision-making.
PurpleWings also offers a secure mobile application for individual customers to initiate remittance transactions, view exchange rates, track transaction status, and manage profiles remotely. The application operates in direct integration with the PurpleWings core system.