How Debts Reconciliation System,
AI based multilateral cashless settlement system,
Became a Success

90%
Faster processing
100%
Accuracy rate
60%
Less training time
The Challenge

Creating an efficient multilateral cashless settlement system for complex financial transactions

Founding vision and mission

To revolutionize financial settlements by developing an AI-powered system that enables seamless, secure, and efficient multilateral cashless transactions between multiple parties.

Innovative Construction Approach

Sparix Global developed an AI-based settlement system with intuitive UI/UX design and a comprehensive design system, enabling complex financial reconciliations with minimal manual intervention.

Obstacles

Complex Transaction Logic

Building AI algorithms capable of handling complex multilateral settlement scenarios with multiple parties and currencies.

UI/UX Design for Financial Data

Creating an intuitive interface that makes complex financial data accessible and easy to understand for users.

Financial Security and Compliance

Ensuring bank-level security and compliance with financial regulations while maintaining system performance.

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The Solution

Sparix Global built an AI-powered multilateral cashless settlement system with a modern design system and intuitive user interface

An AI-powered multilateral cashless settlement system that revolutionizes financial transactions with automated reconciliation, intuitive design, and comprehensive security.

Download Case Study
Financial Institution passed us the requirements
Sparix Global set up a dedicated team
We built & tested each feature
Settlement system released!
Financial Institution passed us the requirements

Understanding complex settlement workflows and regulatory requirements.

Sparix Global set up a dedicated team

Assembled AI, FinTech, and UI/UX experts to build the settlement system.

We built & tested each feature

Developed AI algorithms and intuitive UI with comprehensive testing and security validation.

Settlement system released!

Successfully deployed the AI-powered multilateral cashless settlement system.

Key project outcomes

90% reduction in settlement processing time

100% accuracy in transaction reconciliation

Seamless integration with existing financial systems

Performance over time before and after our engagement

Performance over time before and after our engagement
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The Solution

How Sparix Global brought fintech features into one system

Sparix Global's Fully Automated System

After five years of collaboration and 52 sprints, Sparix Global delivered a seamless, fully automated system. Now, clients can control everything from temperature to lights, door locks, and more using their smartphones or Amazon Alexa.

At its core, the system runs on AWS cloud infrastructure, with a local hub ensuring real-time syncing between devices and user apps.

The key components include the local hub, touch panels, mobile app, voice control, and web-based back office.

System Architecture Diagram
1

Sparix Global builds the foundation for the future system

Every system needs a solid foundation. Sparix Global developed a robust infrastructure for all components to communicate smoothly, ensuring reliable operations even during network disruptions.

Built on modern cloud infrastructure with scalable architecture and microservices, this plug-and-play system streamlined deployment, eliminating manual configurations and integration issues.

2

Our team connected the essentials: core features and integrations

With the foundation in place, our experts integrated core features:

Performance. Real-time monitoring and optimization tools ensure peak system performance with automated scaling and resource management.
Security. Advanced security features including encryption, authentication, and compliance controls protect data and ensure regulatory adherence.
Integration. Seamless API integrations connect with third-party services and existing systems, creating a unified ecosystem.
Automation. Automated workflows and intelligent systems reduce manual tasks and improve operational efficiency across all processes.
3

We made control effortless with intuitive interfaces and advanced tools

Now that the system could operate intelligently, it needed easy ways for users to interact, so we implemented multiple options:

Web Dashboard. A comprehensive web-based control panel provides real-time insights and management capabilities accessible from any device.
Mobile Application. A mobile app that lets users monitor and control their system no matter where they are, with push notifications and remote access.
API Access. RESTful APIs enable developers to integrate and customize the system according to their specific needs and requirements.
4

Advanced analytics and reporting for data-driven decisions

To ensure continuous improvement and optimization, we implemented:

Real-time Analytics. Comprehensive analytics dashboard provides real-time insights into system performance, usage patterns, and key metrics.
Custom Reports. Automated report generation with customizable templates helps stakeholders make informed decisions based on accurate data.
Predictive Intelligence. Machine learning algorithms analyze trends and predict potential issues before they occur, enabling proactive maintenance.
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The Result

A Smarter, Simpler FinTech

Bringing all these pieces together was no small feat, but Sparix Global pulled it off. Now, all systems are working together in perfect harmony, making operations more efficient and user-friendly every day.

Managing multiple systems meant juggling different interfaces and workflows

A single unified system controls all operations seamlessly

Users had limited control and visibility into system status

The comprehensive dashboard and mobile app provide complete control and real-time visibility

Manual processes were time-consuming and error-prone

Automated workflows streamline operations and reduce errors significantly

Security and compliance were an afterthought

Enterprise-grade security and compliance built-in from the ground up