Our Artificial Intelligence solution "Galileo" identifies remittance customers and their activities worldwide.
It is a powerful analytic tool to the remittance audiences
that is participating in the remittance activities every day.
Average amounts sent 350$
.
.
.
Strong ties with the country of origin
.
.
.
Support family/parents back home
.
.
.
85% transactions - cash
.
.
.
Lack of social protection
Received amounts 350$
.
.
.
70% - unbanked
.
.
.
98% Underinsured
.
.
.
Low or no social protection
.
.
.
3-4x times higher income vs country average
Money Sent:
$
Money spent by remitter:
| Transportation & Gasoline: | $ |
| Entertainment: | $ |
| Housing: | $ |
| Clothes & Shoes: | $ |
| Food at home: | $ |
Paid in Fees:
$
Remittance chain earnings:
| Fx: | $ |
| Fees: | $ |
| Send agents earnings: | $ |
| Payout agents earnings: | $ |
Money Received:
$
Recipient Spendings:
| Utilities: | $ |
| Health care: | $ |
| Education: | $ |
| Saving for retirement: | $ |
| Food at home: | $ |
AXA is partnering with RemitRadar, a fintech company specializing on the remittances market, and PartnerRe, the global reinsurer, to design and market innovative insurance solutions tailored to the needs of emerging customers sending and receiving money transfers. Building upon AXA’s emerging customer expertise and RemitRadar’s Artificial Intelligence-backed proprietary platform, these fully digital offerings will be rolled out in coming months starting with remittance flows stemming from the European Union and the Gulf countries. Read more.
PartnerRe and RemitRadar have entered into a joint effort to capitalise on RemitRadar's money transfer ecosystem, web presence, and social media channels, including AI and Deep Learning technologies, to develop digital insurance solutions. PartnerRe wlll be able to offer their customer base of more than 2800 insurance companies privileged access to a new and innovative distribution channel. Read the full story here.
RemitRadar confirms that Allianz will utilise the RemitRadar ecosystem and marketplace along with artificial intelligence solutions to offer a range of unique services. Read full story here.
Using cutting edge Artificial Intelligence solutions connected together with RemitRadar ecosystem and Galileo identifies influencers and ambassadors in selected pilot ("Kenya") region and spread CURE message directly to these audiences. During just initial 72 hours, CURE clubfoot awareness message delivered to more than 162,582 peoples in Kenya alone. Read the full story here.
RemitRadar is using unique cutting edge AI / Deep Learning technologies to identify people already participating in money transfer and orient them to Posta Moldovei. During initial launch, RemitRadar delivered over 50% of the total monthly “Posta Moldovej - Postransfer” traffic within 48 hours. Read the full story here.
RemitRadar’s aim is to improve the lives of billions of people in developing countries by offering free financial education through our Galielo using AI and Deep Learnning to the growing market of people interested in money transfers and remittances. Read the full story here.
RemitRadar Big Data Analytics and Machine Learning provide organisations with the right customer insights leading to newer revenue sources through cross sell and upsell. Combined together machine learning solutions and data sources allows to unlock customer purchase behaviours, preferences, interests and other usually hidden insights. See demo.
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