FinTech profile: Remitly - making money transfers smart
Remitly is inspired by its customers.
The company offers an...
Remitly uses innovative technology to let people send money securely and quickly worldwide
Remitly is inspired by its customers.
The company offers an international money transfer service that helps immigrants worldwide who have made the sacrifice to leave their families and country behind to work elsewhere.
Remitly lets these individuals choose how and when they send their hard-earned money back to those family members abroad.
That money, says the company, helps to “take care of those they love and provide them with upward mobility, improving their quality of life”.
This sits perfectly with Remitly’s core vision: to impact lives across continents.
his vision is driven by a culture that is both human-centric and driven by technology. For example, Remitly places the customer at the heart of its operations and always acts with integrity and a desire to prioritise affirmative action.
The company is also driven by data - by measuring and analysing data in the most effective way it can, Remitly use qualitative and quantitative insights to make better informed decisions.
Remitly: how you want to send
With Remitly, users can choose how they wish to send money either by express means - money arrives within minutes of the transfer for a small fee, or economy - a low-fee method that sees money arrive within three business days.
Methods of receiving include:
Bank deposit - money is sent directly to a bank account within minutes
Cash pickup - an instant cash collection available from thousands of locations
Mobile money - money is sent instantly to a mobile money account
Home delivery - money can be delivered directly to the recipient’s home (this typically takes one to two days)
Remtily’s service is optimised for mobile use through the company’s dedicated app. It means users have access to all the company’s features, regardless of location.
Through the Remitly app, money can be sent with a few simple steps. For example, users define the amount of money they wish to send and the recipient.
Once this is complete, and after entering several personal details, the sender only has to confirm the transfer and the money is sent accordingly.
Find out more about how Remitly works here.
Check Point: Securing the future of enterprise IT
Cybersecurity solutions provider Check Point was founded in 1993 with a mission to secure ‘everything,’ and that includes the cloud. Conscious that nothing remains static in the digital world, the company prides itself on an ability to integrate new technology with its solutions. Across almost three decades in operation, Check Point, with its team of over 3,500 experts, has become adept at protecting networks, endpoints, mobile, IoT, and cloud.
“The pandemic has been somewhat of an accelerator in the evolution of cyber risk,” explains Erez Yarkoni, Global VP for Cloud Business. “We had remote workers and cloud adoption a long time beforehand, but now the volume and surface area is far greater.” Formerly a CIO for several big-name telcos before joining Check Point in 2019, Yarkoni considers the cloud to be “part of [his] heritage” and one of modern IT’s most valuable tools.
Check Point has three important ‘product families’, Quantum, CloudGuard, and Harmony, with each one providing another layer of holistic IT protection:
- Quantum: secures enterprise networks from sophisticated cyber attacks
- CloudGuard: acts as a scalable and unified cloud-native security platform for the protection of any cloud
- Harmony: protects remote users and devices from cyber threats that might compromise organisational data
However, more than just providing security, Yarkoni emphasises the need for software to be proactive and minimise the possibility of threats in the first instance. This is something Check Point assuredly delivers, “the industry recognises that preventing, not just detecting, is crucial. Check Point has one platform that gives customers the end-to-end cover they need; they don't have to go anywhere else. That level of threat prevention capability is core to our DNA and across all three product lines.”
In many ways, Check Point’s solutions’ capabilities have actually converged to meet the exact working requirements of contemporary enterprise IT. As more companies embark on their own digital transformation journeys in the wake of COVID-19, the inevitability of unforeseen threats increases, which also makes forming security-based partnerships essential. Healthcare of Ontario Pension Plan (HOOPP) sought out Check Point for this very reason when it was in the process of selecting Microsoft Azure as its cloud provider. “Let's be clear: Azure is a secure cloud, but when you operate in a cloud you need several layers of security and governance to prevent mistakes from becoming risks,” Yarkoni clarifies.
The partnership is a distinctly three-way split, with each bringing its own core expertise and competencies. More than that, Check Point, HOOPP and Microsoft are all invested in deepening their understanding of each other at an engineering and developmental level. “Both of our organisations (Check Point and Microsoft) are customer-obsessed: we look at the problem from the eyes of the customer and ask, ‘Are we creating value?’” That kind of focus is proving to be invaluable in the digital era, when the challenges and threats of tomorrow remain unpredictable. In this climate, only the best protected will survive and Check Point is standing by, ready to help.
“HOOPP is an amazing organisation,” concludes Yarkoni. “For us to be successful with a customer and be selected as a partner is actually a badge of honor. It says, ‘We passed a very intense and in-depth inspection by very smart people,’ and for me that’s the best thing about working with organisations like HOOPP.”