RHB launches digital FX service for corporate and SME customers

The RHB Live FX @ Reflex offers FX rates that can be executed real-time and enables seamless end-to-end processing of spot and forward transactions.

The banking group said in a statement that RHB Live FX @ Reflex comprises five main functions, namely exchange rate inquiry, indicative forward swap points, FX rate booking, contract rate inquiry and booking status Inquiry.

Customers will be able to monitor, book and execute all their FX conversion and hedging transactions online, and at their convenience, with the touch of a button. RHB Live FX @ Reflex is accessible via RHB Reflex @ https://reflex.rhbgroup.com/

RHB Live FX via RHB Reflex, the bank’s cash management solution, enriches customers’ FX journey through effortless online booking of spot, forward and time option contracts 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.

The RHB Reflex platform also enables online FEA declaration, no minimum FX booking amount and efficient straight through FX settlement.

“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, ” said RHB Banking Group managing director Datuk Khairussaleh Ramli.

“RHB Live FX @ Reflex was developed to serve customers more efficiently and conveniently, and is projected to grow our foreign exchange volume by 20% by 2022, ” he added.RHB Banking Group has achieved good traction in Internet and mobile banking transaction growth and continues to pursue further enhancements to its digital capabilities.

Through its business Internet banking platform RHB Reflex, customers are provided the flexibility of managing online transactions and reconciliation of accounts that provides them with better control and visibility over cash management needs.

New customers can open a RHB Business Current Account with access to RHB Reflex via RHB’s corporate website at www.rhbgroup.com