Hello Developers : Is it possible to develop within short period - A money transfer app that has all required MSB functionality - example Compliance and Risk assessment.. please let me know
Hi DiiMoo, welcome to the community 
Technically, yes — it’s absolutely feasible to develop a money transfer app with full MSB (Money Services Business) compliance features like KYC, AML, and risk assessment within a short period, if you leverage the right third-party APIs.
Systems you need to take in consideration:
• KYC & KYB verification
• Transaction monitoring
• Risk scoring
• Regulatory reporting
• Bank integrations and ledgering
Instead of building all these systems from scratch, you can integrate them via APIs, significantly reducing dev time and cost.
However, feasibility also depends on:
• The jurisdiction you’re operating in (regulatory requirements vary widely)
• How deeply you want to customize each module
• Your team’s ability to navigate legal and compliance frameworks
So, technically yes, it’s doable. But legally and operationally, you’ll want a compliance advisor involved early on. The tech won’t be the bottleneck. regulation might.
Hi Agustin,
Thank you for the warm welcome and for the insightful overview — much appreciated!
It’s encouraging to hear that building a fully compliant money transfer app is technically achievable through the right API integrations. Your breakdown of the key systems — KYC/KYB, transaction monitoring, risk scoring, etc. — aligns exactly with our roadmap. We also have a clear understanding of the compliance and regulatory requirements within our jurisdiction.
One of the challenges we’ve encountered is the lack of user-friendly, end-to-end white-label solutions. Most existing options don’t offer the kind of built-in, modular flexibility we’re looking for. If you’re aware of any APIs or providers that could help us bridge this gap, I’d love to hear your recommendations.
Thanks again for the guidance. I’m looking forward to learning more and contributing to the community.
Best regards,
DiiMoo
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