Following high levels of demand from its foreign currency trading client base in Europe, South Africa and Australia, IMX has announced a strategic relationship with leading International Payments Platform (IPP) provider Cymonz of New Zealand.
IMX Software announced today that it has agreed terms with Cymonz Ltd to take its industry leading International Payments Platform to market across three strategic and highly active foreign payments markets in Europe, Southern Africa and Australia. The new cloud-based, software-as-a-service (SaaS) offering will target money service businesses (MSBs), banks and other financial institutions looking to introduce, extend or refresh an IPP offering and improve online engagement with its client base to achieve growth.
IMX will provide regional commercial, delivery and on-going technical support on the Cymonz IPP using its existing international infrastructure.
The Cymonz SaaS platform includes a client self-service website and comprehensive back office management with specific currency and international payment business processes, workflow customization and third-party integrations. The IP platform addresses a wide spectrum of international payments needs, including client management, currency transactions, risk management, settlements and global compliance. The SaaS offering increases speed of deployment and lowers operating costs.
Multi-lingual support and a mobile responsive design improve deployment flexibility across multiple markets and increase the convenience of the platform for mobile and tablet users. For customers looking to develop affiliates the IPP can be easily offered to white-label partners to increase currency and payment flows.
Simon Lynch, CEO of Cymonz said; “We are very pleased with the regional tie up with IMX as part of our plans to grow globally. The Cymonz IPP is a complementary extension to IMX’s product portfolio and with its solid presence in key markets, excellent client relationships and experienced senior team, IMX brings important commercial strength to the partnership.”
Bill Tickner, CEO of IMX Software said: “We spent several months evaluating options for a strategic tie up in the International Payments sector and Cymonz quickly emerged as a technology leader. The level of platform maturity coupled with its modernity and flexibility, and extensive out-of-the-box integration with global payments and liquidity providers, will allow IMX to rapidly deploy solutions to key clients in our main operating markets.”