FXConnect is a real-time FX branch transaction platform that bridges the gap between FX treasury and core banking systems. It offers a comprehensive solution for banks to manage their foreign exchange operations efficiently, catering to both retail and corporate customers. The platform supports a wide range of FX instruments and services, including currency notes, demand drafts, telegraphic transfers, and cross-border fund transfers. FXConnect streamlines FX processes, enhances customer satisfaction, and drives business growth by providing real-time rate negotiation, automated workflows, risk mitigation tools, and seamless integration with existing banking systems.

Key Features

Real-time FX Branch Transaction Platform FXConnect provides a unified platform for managing inward and outward FX transactions in real-time.

• Supports various FX instruments for retail and corporate services
• Offers real-time rate negotiation based on customer profiles and relationships

Automated Processes and Risk Mitigation The platform incorporates automated workflows and risk management tools to enhance efficiency and security.

• AML, OFAC, and KYC checks
• Customer limit management and dealer stop-loss warnings
• End-to-end stock management for travelers cheques, currency notes, and demand drafts

Integration and Reporting FXConnect seamlessly integrates with existing banking systems and provides comprehensive reporting capabilities.

• Real-time integration with core banking, treasury, SWIFT, and rate feeds
• Dashboard with 360-degree portfolio view and account balances
• Real-time alerts and notifications for banks and corporates

Benefits

Improved Operational Efficiency FXConnect streamlines FX operations, reducing manual overhead and increasing processing capacity.

• Eliminates multiple internal systems, reducing time and cost
• Enables high-volume transaction processing across numerous branches
• Automates manual tasks, such as rate updates and transaction reconciliation

Enhanced Customer Experience The platform enables banks to offer better service and more competitive rates to their customers.

• Provides direct access to FX dealing rooms with real-time rate negotiation
• Supports faster turnaround times for FX transactions
• Offers a user-friendly interface for managing forex portfolios online

Increased Business Growth FXConnect helps banks expand their FX business and improve profitability.

• Attracts more customers through competitive FX rates and efficient services
• Enables banks to identify new and profitable customer segments
• Improves FX margins through real-time position monitoring