Demystifying forex. Streamlining banking.

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Digitised treasury operations for
forex businesses

Automated solutions

Adopts a formula-based approach that automates the complete foreign exchange cycle against multiple base/cross currency pairs and publishes them to various channels

Real-time processes

An advanced, automated solution that fetches currency rates in real-time against US dollars from Reuters/Bloomberg based on the institution’s time zone and schedule

Flexible systems

The flexibility of the system allows the bank to define its own variables such as the buy/sell, high/low margins, the base currencies, and the locations

Why you need ERS

ERS is the automated exchange rate calculator for banks, built on a unique architecture that allows the system to fetch currency exchange rates against US Dollars from Reuters / Bloomberg. It gives decision-makers an upper hand in offering the best options based on changing needs of their customers.

How ERS ups your business

In-built intelligence to send alerts

Customer centric

Global outreach

Automated weekend support

Customer segment-driven margin definition

Auto calculate forex rates based on live market rate feeds

Automated and easy currency conversion

Live currency rates fetched from Reuters/Bloomberg

Preferential margin setup based on segment and channel

In-built intelligence for alerting bank users during a major rate fluctuation

Automated rates publish for weekends and holidays with zero manual intervention

Extensive configurability supporting multiple institutions for enterprise forex operations

Bank benefits from ERS

Success Indicators

200 +
Years of domain experience and successful delivery experience
300 M+
Transaction volume handled per annum
80 +
Customers
100 +
Integrations including expertise in heterogenous integrations

Customer-first approach

At Unity, we have the distinction of being a successful and reliable partner for our customers in UAE, Bahrain and Kuwait owing to our suite of enterprise financial products and comprehensive domain knowledge.

Our partnerships and counting

Why Choose Unity

Testimonials

Simplify Treasury foreign exchange system with ERS

Exchange Rate System (ERS), is an automated foreign exchange solution for treasury operations for automating Financial Institution’s Foreign Exchange business. As a money service business (MSB), this automated exchange rate solution helps FI stay on top of the game. ERS is the best foreign exchange solution for banks that empowers them to operate with a multi-institution enterprise setup with N-level definable hierarchies supporting multiple currencies serving various regions for various time zones with utmost automation.

Managing currency exchange rates at various locations for various time zones simultaneously is a challenging task, when it comes to accounting and operation control. ERS acts as a live currency rate calculator for banks that automates the complete foreign exchange cycle and thereby experience higher productivity & sales volume.

The Solution: Automated exchange rate solution

ERS is the automated exchange rate calculator for banks, built on a unique architecture that allows the system to fetch currency exchange rates against US Dollars from Reuters / Bloomberg based on each individual institution’s time zone and schedule. Further this foreign currency exchange rates system automates entire rate publish to various channels while enabling conversion and calculation based on defined formulae against multiple base/ cross currency pairs defined as desired by the Bank. ERS is the treasury foreign exchange system that provides the facility to configure the frequency and schedule of the live rate feed from Reuters/Bloomberg for the configured list of currencies.

As an automated currency exchange system, ERS solves the second key challenge of varying profit margins by adopting a unique flexible hierarchy model. The tree structure follows a hierarchy based on which this currency exchange services for banks allow the definition of margins for each currency pair for each institution at multiple levels as per business requirements for each business unit. The flexibility of the Treasury foreign exchange system allows the Bank to define its own variables such as the buy/sell, high/low margins, the base currencies, and the locations. Based on the logic defined, this foreign currency exchange rates system calculates the mid-rate for each currency pair defined helping the bank to derive the P&L and reconciliation purpose.

  • Automate foreign currency exchange operations
  • Track average buy, sell, mid-rates
  • Enable alerts for market rate fluctuation
  • Minimise human errors while enabling complex formulae at an institutional level
  • Auto publish rates on an LCD panel and/or website/various channels
  • Automate rate calculation upon applying hierarchical margins
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