Digitalize Money Service Business
OmniXchange is a comprehensive solution for automation of every function of the Money Exchange business for walk-in, retail and corporate customers. The solution provides flexibility on setting up currencies, rates with 6 decimal values, inventory and vault management, currency buy and sell with receipts and a proper audit trail. The solution helps in streamlining and automation of end to end currency exchange operations for efficient management. All in one modular solution designed to meet the requirement of Money Services Business Providers, Financial Institutions for bureau de change businesses
Features
Multi-product buying and selling of Currencies based on Cash, Account Credit or on Credit terms for Retail, Walk-Ins, Corporate and Other Money Exchange House
Customer registration, ID Validation, uploading of supporting documents and conducting relevant checks again sanction list from a single customer database used for Money Exchange, Remittance & Wholesale Bank Note transactions
Real-time view of Buy & Sell Transactions, Margins, Currency Stock Positions, Volumes and valuation of stocks, etc
Centralized treasury for optimization of currency stock resources by reducing the flow of sales and purchases by promoting internal buy and sell within Branches / Agents
Inventories with weighted average price computation at the Branch /Region/Enterprise level for margin computation at the transaction level.
Implementation of CDD, EDD, KYC, Risk Scoring as per AML policies and procedures practised by the customer and in compliance with regulatory requirements.
Rate Board display based on branch rates using LED TV Panels with the flexibility to implement it horizontally or vertically
Multi-product buying and selling of Currencies based on Cash, Account Credit or on Credit terms for Retail, Walk-Ins, Corporate and Other Money Exchange House
Customer registration, ID Validation, uploading of supporting documents and conducting relevant checks again sanction list from a single customer database used for Money Exchange, Remittance & Wholesale Bank Note transactions
Real-time view of Buy & Sell Transactions, Margins, Currency Stock Positions, Volumes and valuation of stocks, etc
Centralized treasury for optimization of currency stock resources by reducing the flow of sales and purchases by promoting internal buy and sell within Branches / Agents
Inventories with weighted average price computation at the Branch /Region/Enterprise level for margin computation at the transaction level.
Implementation of CDD, EDD, KYC, Risk Scoring as per AML policies and procedures practised by the customer and in compliance with regulatory requirements.
Rate Board display based on branch rates using LED TV Panels with the flexibility to implement it horizontally or vertically