IMX Software has announced the completion of contracts with two new Namibian clients for its regulatory-compliant retail point-of-sale system for currency trading.
Both clients are located in Oshikango, the fast developing and vibrant town in the northern Ohangwena region of Namibia at the border with Angola.
Cambia Express and Cambio Seguro join seven existing IMX clients in Namibia who have deployed its compliant trading solution which supports the front and back-office processes associated with currency trading and the automated regulatory reporting to the Bank of Namibia. IMX provides tools for money service businesses to manage and automate essential know-your-customer (KYC) and anti-money laundering (AML) procedures, as demanded by the licences issued by the central bank.
Cambia Express is a newly-established bureau de change in Namibia and has implemented TMX-Online from IMX Software to automate its trading, stock management and administration operations. Cambia Express is part of International Commercial, an export-oriented importer and wholesaler.
Cambio Seguro Foreign Exchange, a bureau de change operator in Oshikango, Namibia, has implemented TMX-Online software to support trading operations and ensure compliance with the strict regulatory reporting requirements in the country. Cambio Seguro is part of Nani Import & Export.