For this project, you will attempt to build a prototype that seeks to eliminate inefficiencies in cross-border remittance. For the current project, we will be using the Stellar protocol, which comes with inbuilt modules that can be leveraged for KYC/AML workflows. For our project, we'll be building a remittance network with two banks, Bank A and Bank B. Each bank will have an in-house IT infrastructure with the following components:
- A user/customer database.
- A transactions database, which keeps a log of all incoming/received transactions and related metadata.
- A sanctions database, which holds sanction approvals for financial institutions and remitters.
- A compliance module, which will be used to carry out AML/KYC checks for payments.
- A federation module that allocates user-friendly payment addresses for customers...
