Al Ansari Exchange launches 'Cash Express' online remittance tool built on BEA technology

Cash Express is a B2B model, which can be accessed and used only by pre-approved and pre-registered agents and correspondents of Al Ansari Exchange. It is an online product, which enables end-to-end seamless processing of transactions between registered agents.

"The pace at which Al Ansari Exchange has grown was such that existing channels of email, fax and telex were found to be inadequate to deliver the desired services levels," said Mohammad Al Ansari, Managing Director Al Ansari Exchange. "With Cash Express we found an ideal solution to our needs, because it offers a dedicated, secure, speedy and cost-effective communication channel between partnering agents and correspondents."

"We are content to have built the Cash Express application on BEA solutions because it offers reliability, scalability and security, three key factors that drive any decision involving selection of technology. We took note of BEA's extensive and global experience in this specific technology, since Cash Express is a fully web-enabled B2B remittance model and is a mission critical application. One of the significant advantages of Cash Express is that the end-users benefit by way of fast delivery and credit into their bank accounts, the status of which can be viewed online by the customer," Al Ansari added.

"As a widely patronized and expanding exchange house, Al Ansari Exchange identified the need of migrating to a fully automated system when it came to dealing with its agents and correspondents. The extensive network and sheer volume of business demanded a more advanced channel for secure and effective exchange of data and information," said Diyaa Zebian, Regional Manager, Middle East and Egypt, for eSolutions BEA, sole distributor of BEA products in the Middle East. "We are pleased that Al Ansari Exchange chose BEA to build the Cash Express application, the first of its kind in the industry. This development reinforces BEA's standing as a leading application infrastructure expert, with a unique ability to customize solutions for specific customers."

BEA Systems, the world's leading application infrastructure software company, is the driving force behind many of world's cash remittance systems, and was selected by Al Ansari Exchange after assessing the capabilities of several other vendors.