POWER YOUR BUSINESS WITH FX CONVERSIONS
In addition to the accounts and payments solutions our team of experts have built, we have developed some foreign exchange (FX) capabilities, so that financial institutions can overcome the challenges associated with handling multiple currencies. By using our FX conversion service, institutions can easily transfer funds between their balances maintained in different currencies.
FX is often an essential requirement for financial institutions engaged in cross-border payments and services. After connecting with our digital payment processing platform, organisations can access FX capabilities to improve service levels and streamline the processes associated with converting from one currency to another.
The currency pairs Clear Junction currently offers for exchange match the currencies in which our payment services are offered. We are able to add further currency exchange pairings in due course – speak to a team member for any specific requirements your institution might have.
All currency exchanges take place during the standard business hours after the FX order has been placed within Clear Junction’s online banking platform. We understand that time is of the essence in today’s world and if we can find a way of assisting our clients, we will work to explore the possibilities.
The FX rates offered by Clear Junction are based on the interbank market rates for the major currencies which are published by Bloomberg.
Our FX solution provides a fast and convenient means of buying or selling multiple currencies to facilitate improved service levels on behalf of your institution or its customers.
After accessing an accounts solution and allocating virtual IBANs to specific customers, you are able to handle multiple currencies to make payouts in your customer’s preferred currency.
Our platform has been designed with ease of use in mind, so the process of converting from one currency to another is straightforward and intuitive. When our FX solution is combined with other features within our platform, it becomes a powerful tool to boost your organisation’s competitiveness – all through a simple integration.