Foreign Exchange Software for Banks

DFX is a new, fully outsourced foreign exchange software platform that enables retail and commercial customers of major market, regional and community banks to make on-line purchases of a full range of foreign currency products.

The principal advantages and opportunities that DFX can offer your institution include:

a significant new source of incremental fee-based revenue with a minimal one-time cost of entry

same day revenue recognition on transactions

no capital commitment, no trading desk costs - end-to-end transaction processing with no trading risk and no currency positions taken

an excellent marketing tool: a bank-branded, 'white label' extension of on-line banking services with strong customer appeal

no charge for ongoing foreign exchange system software use, customization or hosting

the handling of all transactions by well established third-parties

extensive compliance and back office integration

In the current market environment, DFX offers smaller banks the opportunity to capture a significant fee-based revenue stream that is currently being surrendered to competing institutions or to third-party vendors to which depositors are being referred with no compensation in return.

DFX products enable a bank's clients to:

issue/receive international wire transfers
purchase/buy back currency (banknotes)
purchase/buy back international travelers’ checks
purchase/receive foreign currency drafts (checks)

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