NEXT-GEN TECHNOLOGY 

Foreign Currency Exchange Switch (RIG-FXS)

The Foreign Currency Exchange Switch (FXS) is an advanced technology platform designed to facilitate the smooth exchange of currencies across global markets. It acts as a central hub that connects financial institutions, currency exchange bureaus, and digital platforms, enabling real-time, secure, and cost-effective currency exchange transactions.


Key Features of Our Currency exchange Switch

  • Real-Time Exchange Rates: Access live exchange rates from global markets, ensuring the most accurate and up-to-date conversions.
  • Multi-Currency Support: Our FXS supports a wide range of currencies, providing flexibility to handle any currency pair.
  • High-Level Security: Implemented with cutting-edge encryption and security protocols, FXS ensures that all transactions are secure and compliant with international regulations.
  • Scalability: Designed to handle large transaction volumes, FXS is scalable to meet the needs of both small exchange bureaus and large financial institutions.
  • Automated Processes: Automate routine tasks like rate updates, transaction processing, and compliance checks to increase efficiency.
  • Compliance Ready: Fully compliant with global financial regulations, including AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements.

Finaara's

RIG Modules

Finaara's RIG Switch the next-generation software switch for handling UPI transactions, DBU/ATM/Bank on Wheels transactions, money remittance transactions, and money changing transactions is a comprehensive and ambitious.

UPI SWITCH

Unified Payments Interface Switch

DBU SWitch

Digital Banking Switch

Bank/MSB CRM

 Banking & MSB CRM

currency management

 Currency, Cassette and Denomination

Reconciliation

 Bank. MSB and Customer Reconciliation

Multicurrency

 Multi-Currency Management

Money exchnage

 Money Changing or Exchange Switch

Remittance

 Money remittance Switch for MSB

Finaara Product & Solutions

‌RIG (Regulating Interface Gateway) Switch for Banks and Money Service Businesses (MSBs) that enables centralized and interoperable transaction technologies.

AVRM & AVRM PRO

AVRM (Automated Verifiable Remittance and Money exchange) and AVRM Pro are advanced solutions by Finaara aimed at enhancing the efficiency and security of ATM transactions, remittance, and money exchange processes, eliminating the need for intermediaries.

Digital Banking Unit

DigDigital Banking Unit (DBU) with more than 35 banking and Money Service Business (MSB) use cases, including capabilities for remittance, forex, and interoperable deposit and withdrawal, is a robust and versatile financial solution.

Bank On Wheels

Remotely operable Bank On Wheels or mobile banking solution is designed to bring comprehensive banking services to various locations, especially underserved or rural areas with most of all banking solution including money transfer and Exchange.

Android ATM

An Android-based ATM and Android-based Digital Banking Unit (DBU) that enable interoperable deposit and withdrawal are innovative solutions designed to provide flexible and user-friendly banking services.

ATM SWITCH

Ensure all devices (ATM, DBU, AVRM, Bank on Wheels) use     secure communication protocols. Based on ISO 8583 for financial  transaction originated messages.


Forex Switch

National Forex Switch to connect all Money Service Businesses (MSBs) or a Centralized Forex or Money Exchange Network is a platform designed to streamline and manage currency exchange transactions efficiently and securely.

Remittance Switch

National Remittance Switch or Centralized Remittance Network designed as an edge-based platform aims to enhance the efficiency and security of remittance transactions.

ERP Solutions

ERP solution for Money Exchange and Remittance that includes modules such as HRM, CRM, Inventory Management, and Dynamic Compliance is a powerful platform designed to integrate and optimize various business operations.