Neo and Digital Banks’ customers seek a data-driven all-in mobile experience and operate with more flexibility than traditional banks. Integrate with the Cymonz international payment platform, either into your internet banking or customer-facing applications. The REST-based API provides functionality to create customer accounts, transact currency, manage beneficiaries and pull complete account history all while integrating into the bank's mobile application.
Cymonz is integrated with multiple liquidity and rails providers to ensure you can get the best payment rail for each and every corridor you wish to serve.
Creating a platform in-house that’s highly scalable is a lengthy process requiring niche knowledge. Scaling their offered products and services they can offer to their growing customer bases. However, they employ the services of third parties to integrate with their core banking system to allow them to scale their product offering faster without the overheads.
Neo Banks that offer International Payments need to provide better support to SME customers by offering forwards, limits rather than just spot transactions which the majority of Neobanks offer globally.
Access enhanced anti-money laundering features such as negative lists, transaction alerting and real-time Sanction and PEP screening.
Your customers can transfer currency at live market rates or set limit orders to be automatically monitored and executed. You set the currencies available, the margins (profit markup) charged and the hours clients can trade. Your customers are buying and selling currency, specifying payment details in a secure, efficient and competitive environment.
Customers can register for your currency exchange services online and access, view and provide any required compliance documentation. Our integrations with Netverify (c) allow your customer to easily provide identification requirements and our PEP databases ensure you are meeting compliance obligations. If you already hold the appropriate data for your client contact us to learn how you can bypass this process.
Get full control of the public pages you display to your clients and leads. Manage colours, logos, menus, pages available and all your content through our content management system along with selecting whether to display currency calculators to the public.
Allow customers to register for your currency service and process their registrations and compliance information. Once registered, control the customer's margins and markups, fees, settlement methods, users and view the full history for all customer accounts.
Our API allows you to integrate key currency functionality into your in-house or customer-facing applications, provide access to third party developers or even provide customers access to their account through the API. The REST based API provides functionality to create customer accounts, transact currency, manage beneficiaries and pull complete account history.
Integrate key currency functionality into your own or other third party applications. The REST based API is secured using OAuth. All transactions created through the API flow into the back office management application to enable management of currency transactions, settlement of transactions, compliance related tasks and management reporting.
If you elect to not use automatic clearing on all client transactions you can manage your risk through your currency position sheets in real time. Positions are marked to market every thirty seconds and any new transactions are added in real time. Manage required liquidity through SWAPs and automatically close and transfer positions daily.
Cymonz integrates with PEP databases for automatic database name scanning. As PEP matches are made, compliance is alerted and matches can be processed within the application. Set matches as positive, false positive or suspend accounts and report to outside authorities if required. Set your risk management and suspicious transaction monitoring rules and allow your application to notify your compliance staff of any suspicious transactions.