In an effort to bolster cross-border payments, RHB Banking Group has launched RHB Live FX @ Reflex, which provides FX services to both small and medium enterprises as well as corporate customers.
The announcement by the banking group focused on five functions, such as FX rate booking, agreement rate request, conversion scale request, booking status request, and demonstrative forward trade focuses.
Being the first and the only online platform amidst local banks in Malaysia in taking up FX forward contracts in a single platform, the RHB Banking Group also aims at growing their foreign exchange volume by 20% in 2022.
With RHB Live FX @ Reflex, customers will be enabled with monitoring, booking, and executing all online FX conversion and hedging transactions. Additionally, the RHB Live FX @ Reflex also offers FX rates for a seamless end-to-end processing of toward and spot transactions.
In a statement, RHB Banking Group managing director, Datuk Khairussaleh Ramli said that the RHB Live FX @ Reflex platform will enable their SME and corporate customers to manage their foreign currency exposure in real time and help them execute FX transactions online.
Enabling no minimum FX booking and online FEA declaration with its business banking Internet platform, customers avail flexibility and better control over their cash management needs.