BFSI & FinTech HackOverFlowSubmitted July 18, 2026

InvoiceX-Ray

An MCP app on the Model Context Protocol built by HackOverFlow at the Amrita University Amritapuri campus NitroStack × MCP To The Moon hackathon and deployed on NitroStack.

About this project

An MCP agent that catches trade-based money laundering (over/under-invoicing, phantom shipments) in India's export-import finance flow. It cross-references declared invoice values against independent commodity-price benchmarks, checks FEMA 2026 realization-timeline compliance via EDPMS, and flags counterparties reusing suspiciously identical invoice values across transactions. When red flags accumulate, an LLM reasoning layer drafts a ready-to-file Suspicious Transaction Report — not just a raw alert. Built for AD-bank compliance desks, right as RBI's new FEMA rules (Oct 2026) impose penalties up to 300% of transaction value. Uses all three MCP primitives: Resources, Tools, Prompts.

BFSI & FinTech track

Build AI solutions for banking, payments, insurance, fraud detection, lending, and financial inclusion.

Live MCP appSource code

Team HackOverFlow

  • Dev Narayan ULead

  • Rishik Raj P

  • Devang Dileep

  • Ananth krishna c s

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Frequently asked questions

What does InvoiceX-Ray do?
An MCP agent that catches trade-based money laundering (over/under-invoicing, phantom shipments) in India's export-import finance flow. It cross-references declared invoice values against independent commodity-price benchmarks, checks FEMA 2026 realization-timeline compliance via EDPMS, and flags counterparties reusing suspiciously identical invoice values across transactions. When red flags accumulate, an LLM reasoning layer drafts a ready-to-file Suspicious Transaction Report — not just a raw alert. Built for AD-bank compliance desks, right as RBI's new FEMA rules (Oct 2026) impose penalties up to 300% of transaction value. Uses all three MCP primitives: Resources, Tools, Prompts.
Who built InvoiceX-Ray?
InvoiceX-Ray was built by team HackOverFlow at the Amrita University Amritapuri campus NitroStack × MCP To The Moon hackathon, in the BFSI & FinTech track.
What is an MCP app and how is it built?
An MCP app is an application built on the Model Context Protocol — an open standard that lets AI agents connect to tools, data, and APIs. This project exposes MCP tools and resources that agentic AI systems can call. It was built and deployed on NitroStack, the full-stack platform for shipping MCP apps and servers.