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Saham Bank introduces MyFX mobile application for corporate foreign exchange operations
via Le Matin1 min read
Saham Bank has launched MyFX My Foreign Exchange, a new digital platform and mobile application designed for corporate foreign exchange operations. Described as the first mobile application of its kind in Morocco, MyFX targets the bank's trading room clients, including importers and exporters. Larbi Mouline, Deputy General Manager in charge of Investment Banking at Saham Bank, stated that MyFX offers clients complete control over their foreign exchange operations through advanced technology, transparency, and responsiveness, demonstrating the bank's commitment to transforming the transactional experience. The application allows businesses to view real-time exchange rates, buy or sell currencies, track transaction history, and request quotes directly from their smartphones or via a web interface, accessible 24 hours a day, five days a week. This launch is timely given the importance of rapid execution and immediate access to information due to fluctuating exchange markets, especially for international businesses. MyFX aims to centralize various functions, including transaction execution, rate consultation, data export to Excel or PDF, and a messaging service with bank experts. This initiative is part of Saham Bank's ongoing digitalization efforts for its corporate services, aligning with a trend among Moroccan banks to offer online solutions that streamline transactional operations, reduce processing times, and enhance autonomy for professional clients.
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