Saham Bank Launches MyFX, a Mobile App Dedicated to Businesses’ Foreign Exchange Operations
Saham Bank Takes Significant Step in Digital Transformation with Launch of MyFX
Saham Bank has reached a new milestone in its digitalization strategy by announcing the launch of MyFX (My Foreign Exchange), a digital platform dedicated to foreign exchange operations for businesses. Primarily aimed at importers and exporters, this innovative solution allows users to conduct currency transactions remotely and in real-time through both web and mobile applications.
Described as a first of its kind in Morocco, MyFX is specifically designed for clients of the bank’s trading floor. The goal is clear: to provide greater autonomy, speed, and transparency in managing currency operations, especially within a context characterized by volatility in international markets.
“With MyFX, we are offering our clients complete control over their foreign exchange operations by combining cutting-edge technology, transparency, and responsiveness. This innovation exemplifies our commitment to fundamentally transforming the transactional experience,” emphasizes Larbi Mouline, Deputy General Manager responsible for Investment Banking at Saham Bank.
Through this application, businesses can access real-time exchange rates, buy and sell currencies, track the history of their transactions, and request quotes directly from their smartphones or via a web interface. The platform is available 24/7, ensuring significant flexibility in its use.
In an economic environment where currency fluctuations directly impact business profitability, the speed of execution and instant access to information have become strategic leverage points. Therefore, managing currency risk has emerged as a critical issue, particularly for importers who are exposed to currency fluctuations and for exporters seeking to secure their profit margins.
MyFX offers a centralized interface that integrates several key features: transaction execution, rate consultation, data export in Excel and PDF formats, along with a messaging service that allows direct communication with the bank’s experts.
With this launch, Saham Bank reaffirms its commitment to accelerating the digital transformation of its services dedicated to businesses. More broadly, the Moroccan banking sector is intensifying its efforts to provide high-performance digital solutions aimed at streamlining operations, reducing processing times, and enhancing the autonomy of professional clients.
