Embedding your forex services within the corporate customer’s ecosystem
Technology is a big differentiator in Forex trading, a vertical characterised by its decentralised nature, strong competitive landscape and huge trading volumes.
Within this space we have teamed up with leading players to provide added value to their customers around their forex operations.
Using Trident Connect, forex operators can offer their services seamlessly by providing a tool which optimises and automates the payment approval process in their corporate customers’ ecosystem. It is an opportunity to position one’s offering earlier and deeper into the supply chain, to capture the payment and forex earlier in the payment process.
Forex and liquidity providers can now offer their corporate clients, especially those with processes which are subject to multiple approvers and compliance requirements, with a tool which minimises the cost and risk of processing such payments.
Trident Connect replaces manual or siloed legacy systems for payments approval with a tool which enforces adherence to an optimised and automated workflow. The tool also hooks up to the FX provider system to provide a seamless user experience by eliminating the need for access to multiple systems. Trident Connect also automates the reconciliation and bookkeeping stages of the process, translating into an ROI which goes much beyond the forex competitive rates which can be provided.
Another tool offered to forex operators is Trident BRIDGE, which connects the forex provider’s system to their customer’s ERP. The solution converts the payment instructions generated by the ERP, which would normally be destined for a bank, into instructions to be managed by the forex supplier or payment services provider. Again, this tool embeds the forex provider within their customer’s ecosystem and offers value beyond forex competitive rates.