AEG Products
Workers’ Remittances Application (AEG Remit-Pro)

Download Brochure

SWIFTReady Application Page

Workers’ Remittances are generally low value payments made by workers to their families in far away locations, in the same country, or across border. The payment instructions are generally made by the sender’s bank to banks having branches or agents in or nearby the beneficiary’s cities and villages.

AEG Remit-Pro Application is designed to function as a middleware for the SWIFTNet Worker’s Remittances service. It assures the integration of the back-office system with the Alliance products (Gateway and Access). Low value payment transactions made ready for sending to the participant banks, will be captured by the AEG Remit-Pro application, checked against the WRAG rule book guidelines, converted from the back-office proprietary format to ISO 20022 and sent to the participant bank via the Alliance gateway using FileAct in store and forward mode.

The application manages the communication with SAG for sending and receiving the files.

Remit-Pro has a powerful tool for monitoring, error tracking, reference data search and management.

Fast, Efficient, and Cost-effective Interbank Clearing and Settlement for Person -to- Person Payments

SWIFTNet Workers’ Remittances Service is designed to support the specific requirements of financial institutions that offer, cross-border, person-to-person and low-value payments services. The development of the Service was driven by an industry need to better use existing correspondent banking infrastructure to serve the needs of this market. SWIFTNet Workers’ Remittances utilize SWIFTNet FileAct services and ISO 20022 message standards to exchange payment orders with other banks.

AEG Remit-Pro Functionality
The Workers’ Remittances are generally low value payments made by workers to their families in the same country in different cities and villages or cross border. The payments’ instructions are generally made by the sender’s bank to banks having branches or agents in or nearby the beneficiary’s cities and villages. The delivery time and cost of the transfer are key factors for this service, therefore, utilization of SWIFTNet FileAct versus normal FIN messages helps lowering the cost.

The AEG Remit-Pro application is an end to end modular solution. It is based on a main Core Module and User Interface Modules: The Front-End Module, The Web Interface Module and the Mobile Module.

Each one of the User Interface modules can be used as the transaction entry interface.


The Core Module
This is a Middleware between the Back Office application and the Alliance System including many components such as Reference Data, Monitoring and Event Logging. It is designed to perform the following:

  • Assuring the integration of the back-office system with the Alliance products (gateway and Access).

  • Capturing the payment transactions performed in the back-office system of the sender’s bank or through the interface modules (mobile, Front end or web).

  • Checking the correctness and compliance of the message with the worker’s Remittances Rulebook.

  • Storing the converted messages in a file and sending it using the FILEAct service through the Alliance System.

  • Monitoring the result of the transmission.

  • Checking and handling the pacs 002 and pacs004 replies messages from the correspondent’s banks

  • Messages received from the correspondent will be checked, validated and converted to the back-office proprietary format and delivered to the back-office applications or to the concerned branches / agents to be executed.

  • Initiate pacs002 and 004 replies messages on the received transactions.

The Front-End Module
A desk-top GUI interface to be used by the bank’s branches and its agents through the bank’s intranet in order to perform the following:

  • Creating, Modifying, Approving and Monitoring payment transactions

  • Handling cash and account’s based transactions

  • Full integration with the Reference Data

  • Support of flexible workflow mechanism

  • AML / OFAC filtering checking through an API function

The Web Interface Module
Web based Transaction Handling Interface to facilitate transaction entry, approval and monitoring. It functions similarly to the front-end module using internet communication facility.

The Mobile Module
AEG has developed a Mobile Module that will serve as a User Interface for initiating the transactions of banked and unbanked customers around the world.

The sender will use his mobile phone to debit his banking account and send money to the receiver who may collect the money in many ways:

  • By crediting the sent amount to the receiver’s bank account

  • Cash if the receiver has no bank account

  • By crediting the sent amount to credits cards (we can load payments onto Pre Paid or Credit Cards)

  • By crediting the sent amount to the receiver’s account with the mobile operator if agreed by the beneficiary.


AEG Remit-Pro Main Components
AEG Remit-Pro consists of the following main components:

  • Mapping Interface: To map the proprietary back-office transaction into the ISO 20022 format.

  • Business Rules Checking: It checks the compliance of the transaction and its fields with the rules and guidelines of the WRAG Rule Book.

  • Monitoring: A powerful tool to view and monitor the transactions sent and received by the bank.

  • Event Viewer: It allows viewing the events of the system and the occurred errors and their severity and details.

  • Reference Data: This module handles the download and storage of the reference data on a local database. It provides the user with a powerful search engine and generates the updates to be sent to SWIFT.

  • Interface Handler: Module to handle User’s interfaces such as Mobile phone, web and front-end.



AEG Remtit Pro Application Platform
The application is Windows based. Windows 2003 and Microsoft SQL Server version 2005 Standard Edition are supported in addition to .Net Framework 4.0.

AEG Remit Pro Application Security
The different components of the application can only be run by authorized users.
Depending on the roles and permission granted to the user, he/she can run specific functions and have access to, or view, specific data.

AEG Remit Pro Application Events Logging and Audit Trail
An event and audit trail log keeps track of successful and unsuccessful events and of errors occurred during the execution of the application. It can be consulted by authorized users.