MONEY SERVICES BUSINESSES

Simplify complex operations with Biz4x for Money Services Businesses

Biz4x provides an integrated solution for money changers and remittance providers to streamline their business workflow.

OUR CUSTOMERS
  • mchanger
  • gcc
  • suria

Streamline Operations, Gain Insights and Grow Revenue
with Biz4x for Money Changers and Remittance Providers

Money services businesses are faced with intensifying competition and the disruption of their traditional business models due to rapid advances in financial technology. Biz4x was developed specifically for money services businesses to meet the regulatory challenges of the day and leverage new technology to maximise their profits and business potential.

  • Maintain a view of your business performance by recording all cost of foreign currency stock, foreign currency transactions and customer details
  • Monitor real-time financial market data feed for interbank rates of global currency pairs for price setting and trading to optimise profits
  • Gain more customers by posting board rates on digital rate boards and currency rate display boards
  • Stay compliant with local laws on MSB money laundering with AML and KYC screening against a global risk intelligence database with AML, CFT, PEP and other sanctions lists.
  • Manage your foreign currency stock by buying and selling banknotes online on a marketplace for banknote dealers

Industry Digitalization Initiatives

Biz4x lowers the barriers of entry to new financial technology. This allows money changers and money transfer operators to adopt new digital business models, channels and payment options, to attract and retain customers.

Branded Website & App

Promote your business and publish your rates across a branded website and mobile app. Biz4x allows you to provide a seamless customer experience across multiple platforms.

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FEATURES
FEATURE #1
Integrated Rateboards

Input your retail rates into the Biz4x system and your customers will be able to reference your latest Buy, Sell and Send rates from integrated rateboards on your website and mobile app.

FEATURE #2
Customer Onboarding

Allow customers to register for an account on your website. A streamlined workflow ensures all data is synced to your Biz4x customer database to facilitate KYC screening.

FEATURE #3
Currency Booking

Enable booking capabilities through your branded website or mobile app so customers can reserve currencies directly with your business to lock in preferential rates.

FEATURE #4
Web Analytics

Monitor web and app traffic to gain key business insights into customer behaivour and optimise your digital channels for greater engagement and conversion.

Digital Payments

Biz4x supports digital payments so money services businesses can adapt to the societal shift towards cashless modes of payment as propagated by financial technology and remain relevant in changing times.

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FEATURES
FEATURE #1
eWallet

Earn recurring transactional revenue from customers when they convert, exchange and store value of different foreign currencies on-demand through a digital wallet that is integrated with an app. Customers will be able to spend online or send money to another digital wallet at their convenience.

FEATURE #2
Multi-Currency Card

Issue a multi-currency card for local or overseas use and allow customers to store and top-up the value of different foreign currencies in a pre-paid card. Allow customers to monitor and manage their currencies through a connected mobile app.

FEATURE #3
Transaction History

Reference customer information on Biz4x though a dedicated interface that provides detail on eWallet balance and past transaction history.

Currency Exchange Kiosk

Install currency exchange kiosks at high traffic locations offering FX and remittance services so you can scale your business without incurring high overheads from opening new retail stores.

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FEATURES
FEATURE #1
Currency Exchange

Allow customers to exchange currencies at their convenience through a simple automated workflow.

FEATURE #2
Money Transfer

Send money securely across multiple corridors through trusted remittance providers.

FEATURE #3
Value Top Up

Top-up digital wallets and other online accounts with local and foreign currencies.

FEATURE #4
Partner Products

Earn a referral fee when customers purchase travel insurance and other related products from partner providers at competitive prices.

Rate Aggregators

Biz4x is connected to price comparison sites for cash exchange and money transfer rates so businesses can publish their business information and rates, receive booking and acquire new customers.

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Interested or have questions about Digitalization? Feel free to reach us at sales@biz4x.com


Popular Features Among Money Service Businesses

customer-screening
FEATURE #1
Customer Screening
Ensure AML and KYC compliance with integrated risk management solutions
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live-fx-rate
FEATURE #2
Live FX Rates
Access live financial market data and historical foreign exchange rates.
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marketplace
FEATURE #3
Marketplace
Buy and sell notes online to banknote dealers to meet currency demand and supply
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Digital Channels
FEATURE #4
Digital Channels
Provide foreign exchange services through an automated kiosk, eWallet or multi-currency card
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Biz4x is used by businesses in more than 30 different countries across a number of industries

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