1 Transaction initiation
Entry points
Prael AI agent
Mobile app (Send tab)
Web dashboard
API (B2B partner)
Recurring schedule
Sender details
User ID lookup
KYC tier check
Source of funds
Funding method
Daily/monthly limits
Recipient details
Beneficiary lookup
Account validation
Bank/wallet routing
Country detection
Recipient KYC (if new)
Transaction params
Amount (send/receive)
Currency pair
Corridor (US→NG, US→UK…)
Speed (instant/standard)
Purpose of payment
Pre-validation
Balance sufficiency
Corridor availability
Min/max amount check
Duplicate detection
Fraud score (ML)
Fraud block rate: 0.12%
2 Compliance & verification gate
KYC/KYB verification
Identity document check
Liveness detection
Address verification
PEP/adverse media
Tier upgrade prompt
If needed
AML screening
Transaction monitoring
Pattern analysis
Velocity checks
Structuring detection
SAR filing trigger
SAR rate: 0.003%
Sanctions screening
OFAC SDN list
EU sanctions list
UN consolidated
UK HMT list
Fuzzy name matching
Regulatory rules
State MSB limits
CBDC restrictions
Cross-border caps
Tax reporting (>$10K)
Corridor-specific rules
Decision engine
Auto-approve (92%)
Manual review queue
Auto-reject
Escalation to BSA officer
Audit trail (immutable)
3 FX pricing & rate engine
Rate aggregation
Mid-market rate (Reuters)
Liquidity provider A
Liquidity provider B
Stablecoin rate (on-chain)
Best execution algo
Pricing logic
Spread calculation
Corridor margin table
Volume discount tier
Promo code application
Total fees breakdown
Avg spread: 0.45%
Quote generation
Rate lock (60s window)
Guaranteed vs indicative
Receive amount calc
Fee transparency display
Quote ID + expiry
Path optimization
Direct fiat (traditional)
USDC bridge (crypto)
Multi-hop (A→USDC→B)
Cost comparison matrix
Speed comparison matrix
4 Rail selection & funds capture
Rail decision tree
Corridor → eligible rails
Amount → rail limits
Speed → rail capability
Cost → cheapest path
Availability → uptime
US domestic
RTP (instant, $1M cap)
FedNow (instant, Fed)
ACH same-day
ACH next-day
Wire (Fedwire)
Europe / UK
SEPA Instant (€100K)
SEPA Credit (T+1)
CHAPS (UK, same-day)
Faster Payments (UK)
SWIFT gpi
Africa
M-Pesa (Kenya/TZ)
MTN MoMo (West Africa)
OPay (Nigeria)
Airtel Money
Bank transfer (NIBSS)
Crypto rails
USDC (Ethereum L1)
USDC (Base L2)
USDC (Solana)
Circle mint/burn
Bridge protocol
5 Settlement & clearing
Funds capture
Debit authorization
Balance reservation
Card charge (if card)
ACH pull (if bank)
Wallet debit (if wallet)
Clearing process
Netting (batch)
Nostro/vostro debit
Correspondent bank msg
SWIFT MT103 / pacs.008
Settlement confirmation
Payout execution
Local partner credit
Mobile wallet push
Bank account credit
Cash pickup ready
Recipient notification
Reconciliation
Real-time ledger update
Partner reconciliation
Exception handling
Failed payout retry
Refund workflow
Success rate: 99.2%
6 Post-transaction & reporting
Notifications
Sender confirmation
Recipient alert (SMS)
Push notification
Email receipt
Status tracking
Real-time status API
Webhook events
In-app tracker
ETA updates
Compliance reporting
CTR filing (>$10K)
State reporting
FinCEN BSA
HMRC / FCA (UK)
Analytics
Volume by corridor
Revenue attribution
Conversion funnel
Partner performance
Dispute handling
Chargeback defense
Investigation queue
Refund processing
Resolution SLA (48h)