Help maintain a loyal customer base and also create new or expand on current revenue streams.
Cymonz offers a dynamic international payment or remittance white-label platform. It can either be an end to end solution or integrated with current liquidity and payment partners that you may have pre-existing relationships with.
An automated, highly scalable platform that drives straight-through processing. New services offered don’t become a burden, but rather they give your customer choice and the experience they expect.
Back office tasks are automated allowing you to scale your growth, without needing to scale your staffing personnel.
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.
Your clients can transact all their currency requirements from their smart phones. Functionality is the same as your customer website offering and includes a client dashboard, currency transactions, limit orders, beneficiary management, account history and account management functionality.
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.
Set your settlements process times and then follow the work flow for all daily settlement tasks and processes. Manage customer receipts and bank account statements, counter party reconciliations, extend or cancel overdue contracts, view and execute counter party and beneficiary currency payments and link customer bank accounts where direct debits are available.
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.
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.