Forex

As a traditional setup, banks service foreign exchange transaction only in certain branches and as such its operations are limited only to that branch. In current business situation where there is a fierce competition from travel firms and moneychangers, it is imperative for the banks to extend this service to all branches or mobilize the forex operation to the customer's doorsteps.

GoDB based Forex Manager provides the mobile capabilities to extend the forex transaction beyond the walls of the branch. Salient features of this solution includes

• Download latest exchange rates at the time of transaction.



• Maintain & update inventories of top currencies based on buy / sell transactions.



• Currency conversion tools that provide immediate quotation to prospect calls.



• Capture buy / sell transactions at the customer's premise & issue instant transaction receipt.



• Synchronize transactions to the core Forex module of the Central System.

Providing mobility removes the paper based transactions and the human errors & reconciliation time associated with it.