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Biz4x Release Version 1.12: Filter your Reports and Customise Rate Boards for Your Business

Biz4x Release Version 1.12: Filter your Reports and Customise Rate Boards for Your Business

by 4xLabs - 02/10/2017

Looking for a regulatory report that has yet to be provided through the Biz4x platform? Email requests for such reports to us.

Biz4x Release Version 1.11: Improve customer record keeping and the formatting of receipts

Biz4x Release Version 1.11: Improve customer record keeping and the formatting of receipts

by 4xLabs - 15/09/2017

When it comes to transaction receipts, we have improved the quality of the print. On a busy day, you may end up printing hundreds of transactions a day, hence any wasted white space on a receipt can incur costs, as you might end up ordering more rolls of thermal receipt paper.

How to Set Up a Money Changer Business

How to Set Up a Money Changer Business

by 4xLabs - 13/09/2017

Thinking about starting up a currency exchange business and uncertain about how to proceed? Not to worry, we’ve got you covered! The key thing to note is that laws governing the set up of a currency exchange business differ from country to country and are constantly evolving due to the economic and global situation in the world today.

Biz4x Release Version 1.10 - Introducing the Profit and Loss Report

Biz4x Release Version 1.10 - Introducing the Profit and Loss Report

by 4xLabs - 21/08/2017

Reports have always been one of the most commonly asked for features in Biz4x. In the last few releases, we’ve been unveiling one report after another, from transactions, to regulatory and stock. This week, we’re happy to announce the release of yet another new report that has been requested by many of the money changers in our community - the profit and loss report.

Biz4x Release Version 1.9 - Generate Stock Reports for Multi-Outlet Management

Biz4x Release Version 1.9 - Generate Stock Reports for Multi-Outlet Management

by 4xLabs - 20/07/2017

Since the launch of the first version of our Biz4x SaaS platform, we've always worked towards our vision of developing Biz4x into the all-in-one platform for money services businesses that would cater to all their operational needs.

Product Update Version 1.8 - Create Configurable Transaction Reports and New Document Versions for Regulatory Reporting

Product Update Version 1.8 - Create Configurable Transaction Reports and New Document Versions for Regulatory Reporting

by 4xLabs - 06/07/2017

We are debuting a fresh new look for Biz4x today, with a new set of colours, and thematic icons that correspond to the various product features. You'll see that the customer creation screen has a different layout, along with a few other visual and product improvements, all of which go into making Biz4x the very best operating system for currency exchange that your business can count on.

Product Update Version 1.7 - Upload Important Documents to the New KYC Repository

Product Update Version 1.7 - Upload Important Documents to the New KYC Repository

by 4xLabs - 22/06/2017

We have launched a new feature, the KYC Repository to help you manage all the important documents that your business verifies before working with a partner or supplier in this latest release of Biz4x. Here's more information about how it works.

Access real time FX rates on Biz4x's new mobile app! Now available in the app stores

Access real time FX rates on Biz4x's new mobile app! Now available in the app stores

by 4xLabs - 22/06/2017

Now it's easier than ever before to stay on top of the latest market information with the new Biz4x mobile app! Whether you are an Android or iOS user, you can simply download the Biz4x mobile app for free, and log in with your Biz4x account to view live FX rates for your customised currency pairs.

Product Update Version 1.6 - Manage all your currencies in one screen and set up your Rate Board

Product Update Version 1.6 - Manage all your currencies in one screen and set up your Rate Board

by 4xLabs - 30/05/2017

This week, we’re releasing two major updates in addition to the usual UX improvements that we add to every new version: Currency Settings and Rate Board.

Product Update Version 1.5 - Record Customer Details for All Transactions and Multi-Outlet Management

Product Update Version 1.5 - Record Customer Details for All Transactions and Multi-Outlet Management

by 4xLabs - 09/05/2017

Biz4x version 1.5 brings to the table several often requested features in Business Management, as well as a number of tweaks to enhance the ease of use when it comes to My Rates and Live FX Rates. Here is what’s new in our latest release

Notice: Hong Kong, Singapore and Malaysia central authorities publish bulletins for Money Changers

Notice: Hong Kong, Singapore and Malaysia central authorities publish bulletins for Money Changers

by 4xLabs - 7/04/2017

The Monetary Authority of Singapore, Bank Negara Malaysia, and the Hong Kong Customs and Excise Department released circulars highlighting the main points of the Financial Action Task Force’s (FATF) public statement on the 24th Feb 2017.

Product Update Version 1.4: Manage Your Stock of Local and Foreign Currencies Through Biz4x’s Point-of-Sale (POS) System

Product Update Version 1.4: Manage Your Stock of Local and Foreign Currencies Through Biz4x’s Point-of-Sale (POS) System

by 4xLabs - 30/03/2017

It’s that time of the week again when we reveal our latest updates to Biz4x in version 1.4 of our operating system for money changers. Our focus in the last couple of weeks has been to integrate your feedback and bring to you some much needed upgrades to build out our full feature set for Business Management. So without further ado, we present to you a better way to manage your stock of currencies in Biz4x!

The Importance of Compliance to Money Service Businesses: Research Findings

The Importance of Compliance to Money Service Businesses: Research Findings

by 4xLabs - 16/03/2017

Anti-Money Laundering (AML) rules and regulations came to prominence when the Financial Action Task Force (FATF) was formed to tackle the issue of money laundering, terrorist financing, and other threats to the global financial system.

Product Update Version 1.3: Record Customer Transactions & Extend Your Premium Subscription When You Refer a New Money Changer to Biz4x

Product Update Version 1.3: Record Customer Transactions & Extend Your Premium Subscription When You Refer a New Money Changer to Biz4x

by 4xLabs - 28/02/2017

Times flies, and once again it’s time to announce our new updates for Biz4x! This week we’d like to highlight three main improvements to the platform that will certainly be good news to all users.

Product Update Version 1.2: Check Live FX Rates from the Convenience of Your Mobile

Product Update Version 1.2: Check Live FX Rates from the Convenience of Your Mobile

by 4xLabs - 24/01/2017

Today, we’ve updated and released a number of new improvements to make it easier and more convenient for you to access the various features of Biz4x.

Product Update Version 1.1: Set your rates, manage your bookings and more in Biz4x

Product Update Version 1.1: Set your rates, manage your bookings and more in Biz4x

by 4xLabs - 19/11/2016

Small things add up to make a big difference when you are trying to better manage your business, so in case you missed it, here are some features we rolled out in version 1.1.0.

Product Update Version 1.0: First Look and Customizing Your Biz4x Dashboard

Product Update Version 1.0: First Look and Customizing Your Biz4x Dashboard

by 4xLabs - 07/10/2016

Aside from industry updates, one of the reasons why we launched the new Biz4x blog is to provide you with regular product updates about Biz4x, so you can always be in the know about the latest features and services that we are launching. As the first in our series on product updates, we are delighted to unveil your first look at the Biz4x dashboard, as well as highlight some of the important changes that were made for a better user experience.

An Important Announcement for All Our Users

An Important Announcement for All Our Users

by 4xLabs - 2016

You've been a vital part of our success story since we launched our series of products for money changers in 2015. Over the months, we've taken into consideration much of the feedback that you have provided us with and this month, we're beyond excited to announce that we've released a new upgraded version of our software. Now rebranded as Biz4x, the newly launched application is an operating system for money changers that caters to all your business needs.

White Paper: An Overview of Compliance Risk Management for Money Changers

White Paper: An Overview of Compliance Risk Management for Money Changers

by 4xLabs - 2016

The compliance landscape is one that is ever changing and hence difficult for businesses to navigate. With the global spotlight on combating terrorism, regulations are getting stricter and the onus falls increasingly on businesses to identify transactions that could potentially fall under terrorist financing or money laundering.

New website Biz4x.com launched to provide money changers with resources and support needed to grow business operations

New website Biz4x.com launched to provide money changers with resources and support needed to grow business operations

by 4xLabs - 2016

Biz4x.com is now live, and ready to help money changers become more efficient when it comes to managing their daily operational challenges. Aside from highlighting the key features of Biz4x, the newly launched website includes a whole host of resources and tips for money changers and anyone who is interested in the cash exchange industry.

Singapore Moves to Bolster AML and CFT Measures Following New Assessment Report by the Financial Action Task Force

Singapore Moves to Bolster AML and CFT Measures Following New Assessment Report by the Financial Action Task Force

by 4xLabs - 2016

The recent weeks have seen a slew of financial institutions being held accountable for money laundering (ML) by the Monetary Authority of Singapore. This follows the publication of the Financial Action Task Force’s assessment of Singapore’s Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) efforts earlier this year in September 2016.

New website Biz4x.com launched to provide money changers with resources and support needed to grow business operations

A Tough Road Lies Ahead For Money Changers

by 4xLabs - 2016

Authorities are tightening the regulations imposed not just on banks and financial institutions, but on money changers as well in a concerted effort to curb terrorist funding and money laundering. As a money changer, what lies ahead in your future?

What Does Brexit and the Plummeting Pound Mean For Money Changers?

What Does Brexit and the Plummeting Pound Mean For Money Changers?

by 4xLabs - 2016

Over the last few months, economists have been talking about what a fall in the pound might mean for the average UK citizen, but how does this market volatility affect money changers across the world? Money changers need to be careful about setting their prices, and manage their stock properly to avoid a huge loss.