1. Company overview and development background
Founded in 2020 and headquartered in Limassol, Cyprus, ArmenoTech is a small and medium-sized enterprise (approximately 11–50 people) focused on fintech infrastructure construction, providing "white label" e-wallets, payment processing, stablecoin issuance, tokenization, and cross-border remittance solutions in the global fintech sector. The company uses Stellar blockchain technology to serve more than 50 sending and 150 receiving countries, processing more than 20 million transactions, and is committed to improving payment and settlement efficiency and compliance capabilities for small and medium-sized financial institutions and start-ups.
2. Core business and product system
1. White-label e-wallet
It provides a full set of B2C and B2B e-wallet products, supports web and mobile terminals, has built-in KYC/KYB processes, back-office risk control, real-time reconciliation and notification mechanisms, and follows PCI-DSS certification standards for rapid launch and multilingual deployment.
2. Money Transfer
has a complete end-to-end remittance process: user registration, KYC review, business background, AML risk control, notification system and other functions. It is used in cross-border remittance projects in Europe and Asia to achieve fast, compliant and safe fund transfer.
3. Payment processing and multi-currency management
A
lightweight payment infrastructure is built based on the Stellar blockchain to realize on-chain transfers between accounts, support bank cards, cash, prepaid cards and other payment methods, and is equipped with automatic AML screening and transaction limit control.
4. KYC/KYB automation
supports document recognition from 180+ countries, face recognition and comparison, continuously monitors high-risk lists (PEP, sanctions lists), and generates tamper-proof audit records to cover the identity compliance needs of users and enterprise customers.
5. Forex Brokerage
provides the MetaTrader 5 white-label platform, equipped with embedded risk control tools, market analysis, and beginner teaching content, making it convenient for financial institutions to conduct foreign exchange and CFD trading.
6. Stablecoin and Token Issuance
Support the issuance of stablecoins (such as EURT), asset tokenization, and central bank digital currency (CBDC), following standards such as Stellar SEP-12, SEP-06, and SEP-31 to achieve a compliant and efficient digital asset issuance and trading mechanism.
7. Compliance consulting and technical support
We provide legal compliance consulting, PCI-DSS solutions with cloud or on-premises deployment solutions, and secondary/tertiary support services to help partner organizations quickly build compliance systems.
8. Marketing and cooperation expansion
Through
a global partner network, we assist payment institutions and financial companies in promoting product technologies, and support market development and sales promotion.
3. Technical architecture and operation model
Stellar as the core technology engine
ArmenoTech deeply integrates the Stellar blockchain to support on-chain payments, cross-border transfers, and stablecoin issuance, based on high throughput, low cost, and fast confirmation.
Standardized SEP protocol application
SEP-12: Identity and KYC integration
SEP-06: Payment channel and path finding
SEP-31: Cross-border remittance process management
through standard protocols for seamless, efficient, and compliant on-chain operations.
Modular white-label solution construction
Each
functional component is designed to support customized deployment, including front-end Web/Mobile, back-end risk control and reconciliation system, user management and notification system, which greatly improves integration efficiency and implementation speed.
Compliance and Risk Control System Construction
The
company combines regulatory requirements (such as GDPR, European and American financial licenses, etc.) with AML practices to build a combined KYC/KYB process, combined with continuous monitoring mechanisms to prevent money laundering and fraud.
Architecture Security and O&M Assurance
Adopts PCI-DSS security standards and provides private or managed cloud deployment, equipped with automated monitoring, log auditing, and operation team support to ensure system stability and attack resistance.
4. Main cooperation cases and ecological layout
Strategic cooperation
with Tempo France
In 2023, the two parties collaborated to achieve a compliant, low-cost, and high-performance cross-border payment system through a one-stop remittance service supported by the Stellar blockchain, providing remittance support for places from Europe to the Philippines.
APS Joint Ecosystem Construction
has joined forces with APS and Tempo France in Canada to create a Stellar payment ecosystem, covering the entire process from payment processing, asset tokens to compliance risk control, and entering CBDC projects and euro stablecoin issuance.
Euro stablecoin strategy is actively
promoting the issuance of Euro-pegged stablecoins, saying that the market has the potential to exceed billions of euros and will expand within one to two years to build a regulated and compliant stablecoin ecosystem.
Web3 remittance tokenization practice
Powers regional remittance platforms such as Elsa Care, integrates stablecoins such as EURT, and leverages SEP-031 to achieve on-chain circulation and real-time settlement of international remittances.
5. Core Advantage Analysis
1. Stellar's underlying advantages
Low cost, high speed, and standard protocol support, making it ideal for cross-border payments and digital asset issuance applications.
2. Full-stack white label solution
From the front-end to the back-end, from wallet to remittance to tokens, the entire chain can customize the product architecture to meet diverse business needs.
3. Compliance risk control system
Built-in KYC/KYB, AML, sanctions list screening, and PCI-DSS compliance mechanisms are built in to seek regulatory recognition for customers and accelerate product implementation.
4. Global Cooperation
Network
Collaborate with industry partners such as Tempo and APS to support global network coverage and enhance brand and business influence.
5. CBDC and Stablecoin Practice
There
is a high possibility of cooperation with banks and central banks, and it has a first-mover advantage in euro stablecoins and central bank digital currency projects.
6. Challenges and potential risks
A. Uncertain
regulatory environment
Lack of unified regulatory standards for digital assets and payments in different jurisdictions, It will affect the speed of project implementation and promotion.
B. High
technical integration difficulty
Cross-currency, multi-chain, multi-token issuance, and comprehensive KYC increase the complexity of integration, which requires high technical teams.
C. Market Competitive Pressure
There
are many competitors in the field of white-label wallets and payment services, including traditional providers and new blockchain infrastructure companies.
D. Stablecoin Acceptance and Liquidity
Euro
stablecoins are emerging and still pending market acceptance. CBDC and stablecoin projects must be promoted in tandem with central banks and traditional financial institutions.
E. High
compliance operating costs
Continuous management of KYC, AML, and risk control systems, as well as cross-border legal compliance, will increase operational and manpower investment.
7. Suggestions for future development paths
short-term (6–12 months)
Deepen the euro stablecoin pilot and win ECB support and cooperation;
strengthen existing partnerships and strive to sign more business cooperation and payment projects;
Improve product configuration and implementation rate, and recruit customers of banks and payment institutions.
Medium term (1–3 years)
Expansion to CBDC pilot projects in collaboration with central banks;
Expand product functions to asset tokenization, multi-chain support, and payment-as-a-service ecology;
Establish a global compliance framework and audit cooperation to optimize AML monitoring and reporting systems.
long-term (3–5 years)
to become a backbone infrastructure provider for euro stablecoins and CBDCs;
Build a cross-border payment ecosystem to connect banks, payment service providers, and digital asset markets;
Gradually enter the DeFi field, provide on-chain lending, wealth management and financing tools, and gradually build a complete digital financial platform.
8. Summary and evaluation
With Stellar blockchain technology, comprehensive compliance system, modular white-label products, and international cooperation network, ArmenoTech has established core competitiveness in the field of cross-border payments and digital asset issuance. As a medium-sized fintech technology service provider, it will focus on euro stablecoin and CBDC projects in the future, gradually deepen cooperation with financial institutions, and promote the integration of digital asset infrastructure with traditional financial systems. However, it is still necessary to deal with compliance challenges, technical complexity and market competition pressures, and improve stability and market penetration through product iteration and ecological linkage.
