Powering Global Remittances with Cutting-Edge Fintech
At M2Tech, we've built a proprietary, secure, scalable, and robust fintech platform that powers QicSEND, our consumer remittance solution that is transforming the world of cross-border payments. Our technology leverages the latest advancements in software engineering, blockchain, AI, security, and compliance to deliver instant, reliable money transfers to over 40 countries worldwide.
A Multi-Layered Architecture for Performance and Security
The M2Tech Fintech Platform, which underpins QicSEND, is designed with a four-layer architecture that ensures optimal performance, ironclad security, and seamless scalability:
- Intuitive User Interfaces: QicSEND offers mobile apps for iOS and Android, along with a feature-rich Web Portal, providing an intuitive and frictionless experience for remittance senders. We're also developing mobile apps for recipients in select countries.
- Rigorous Verification & Fraud Detection: We employ market-leading, multi-layered risk mitigation technology to safeguard every transaction. This includes identity verification, KYC checks, bank account validation, device fingerprinting, social media analysis, limit checks, AI-powered fraud pattern detection, and blockchain-based immutability.
- Intelligent Messaging & Accounting Hub: At the heart of our platform is an intelligent routing hub, which seamlessly connects senders and recipients, maintains detailed transaction histories on a distributed ledger, applies real-time currency conversion, and handles settlement and accounting. The hub integrates directly with Interac via Moneris for fast, secure transactions.
- Global Payment Rails: We've established direct API connections with leading partner banks in key receiving countries, such as BDO, the largest bank in the Philippines. Once a sender's funds are confirmed, our hub sends an encrypted message to the receiving bank to release the money to the recipient almost instantly, often in under 60 seconds.
Enterprise-Grade Tech Stack
The M2Tech Fintech Platform is built on a cutting-edge, enterprise-grade technology stack, featuring:
- .NET 6 framework with WCF
- Microsoft SQL Server 2019 database
- Entity Framework Core for data access
- C# 10, LINQ, and Node.js 14.x for business logic
- Vue.js 3, HTML5, jQuery 3.6 for front-end interfaces
- Blockchain integration for immutable transaction records
- AI and machine learning for advanced fraud detection and risk mitigation
- Secure hosting on the Canadian Cloud with SSAE 18 auditing, Microsoft certification, and multi-layered firewalling
Rigorous Regulatory Compliance
As a FINTRAC-licensed Money Services Business, we adhere to the highest standards of regulatory compliance. Our Chief Compliance Officer ensures we maintain up-to-date policies, file necessary reports, and provide regular AML/ATF/KYC training. We undergo annual FINTRAC reviews and biennial audits by Grant Thornton on behalf of our banking partners.
