Complex sentence: The company created an online FinTech (financial technology) system to allow their customers to make money transfers online, allowing them to receive funds locally and make payments locally, ostensibly to eliminate the need for intermediary banks and international transfer fees.
Split into simpler sentences: The company created an online FinTech system to allow their customers to make money transfers online, allowing them to receive funds locally and make payments locally. Ostensible to eliminate the need for intermediary banks and reduce international transfer fees.