KUALA LUMPUR: RHB Banking Group has launched RHB Live FX @ Reflex, a digital foreign exchange (FX) service for corporate and SME customers, providing innovative FX services that revitalise cross border payments.
In a statement Friday, RHB said the digital FX platform offers five main functions: exchange rate inquiry, indicative forward swap points, FX rate booking, contract rate inquiry and booking status inquiry.
It added that customers would be able to monitor, book and execute their forex conversion and hedging transactions online, at their convenience.
RHB said the new platform also allows customers to book online spot, forward and time options for 34 currency pairs in total. It is the first and only digital platform among local banks in Malaysia to offer booking and early delivery or take up of FX forward contracts on one platform.
“RHB Live FX @ Reflex capitalises on technological transformation to deliver a customer centric service targeted at seamless online distribution and processing of FX products and services to provide our customers with greater value and convenience.
“Through this versatile platform, our corporate and SME customers can actively manage their foreign currency exposure by accessing real time foreign currency rates to monitor, book and execute FX transactions online,” group managing director Datuk Khairussaleh Ramli said.
He added that the RHB Live FX @ Reflex was developed to serve customers more efficiently and conveniently, and is projected to grow its foreign exchange volume 20% by 2022.