Solutions

Foreign Exchange

Create an end-to-end digital information workflow for FX transaction information, freeing internal teams to focus on high value tasks

Foreign Exchange trading today

Foreign Exchange trading, even for CLS currencies, requires an ever increasing amount of information, meaning internal teams spend valuable time chasing transaction documents

  • Fragmented systems that don't communicate
  • Data sharing via unsecure email, spreadsheet and fax
  • Settlement risk and high cost of capital provisioning
  • Teams spend valuable time chasing documentation
  • Capital controlled markets seen as higher risk
  • Transaction and customer data sits in silos

Introducing Overlay+

A digital information lifecycle using existing technology architecture

Reduce settlement risk, improve customer experience and increase profitability of Foreign Exchange platforms, without rearchitecting systems

A single digital workflow for transaction information

Bring FX, Payment and Customer systems together in a single digital workflow that spans the entire trade lifecycle

Simplify trading Emerging Markets

Automatically request the right information  according to the currency pair, making it easier to comply with any regulatory requirement

Manage overhangs and payment exceptions

Automate management of overhangs, streamlining customer outreach when payment to invoice exceptions occur

Enable segmentation of high value customers

Enable internal teams to focus on high value customers by automating common tasks

Features

  • Single digital workflow for transaction information
  • Automate identification of regulatory information based on the currency pair
  • Seamless data collection from any internal system
  • Auditable dashboard of all transactions
  • Four eyes approval, with manual override
  • Automated or manual client communication using existing channels

Benefits

  • Meet regulatory requirements for any jurisdiction
  • Open previously unavailable currency corridors
  • Free internal teams to focus on high value tasks
  • Automate collection of information
  • Auditable record of events, documents and activity
  • Real-time activity status per transaction
  • Reduce settlement risk and capital provisioning

To discuss how Identitii can reduce settlement risk and increase profitability of your FX products, fill in the form below and we’ll be in touch shortly.

Use Case

Lowering opportunity cost for a global bank

Corporate and institutional FX clients are demanding more flexibility in FX products and services.  

The challenge for many financial institutions is that underlying pre and post-trade FX platforms are often interlinked with disparate payment and customer systems, making it difficult to ensure you have the transaction level information you need when you need it. This is particularly true when trading with capital restricted markets which require additional documentation to flow to regulators before a trade can be settled, with financial institutions often deciding not support these currency pairs, leaving valuable revenue on the table.

Identitii’s FX solution overlays on top of existing systems, creating a single source of truth for transaction information. It automates a large part of the collection and management of trade documentation, enabling sales teams to focus on high value customers and lowering opportunity costs. It also makes it easier to comply with the regulatory requirements of different regulators, enabling you to open new currency corridors according to client need.

Know Your Transaction

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