JBFX, a new entrant in the wholesale banknotes market in APAC, has signed a five-year deal to use IMX Software’s GTS-Wholesale and Cash Centre offering, delivered as a full Software-as-a-Service (SaaS) solution and deployed across JBFX’s Sydney-based trading and vault operations to support critical business processes and regulatory compliance reporting.
The new contract was awarded to IMX Software, the global leader in currency trading and travel money technology, due to the superior modernity, scalability and flexibility of the GTS platform, which will be delivered as a fully managed service from an exclusive, high-specification Australian hosting environment. The GTS platform will also allow JBFX to adhere to the requirements of local reporting regulations via direct integration with AUSTRAC.
IMX Software’s Melbourne-based team assisted JBFX to commence commercial trading operations on GTS-Wholesale only 6 weeks after contract signature, an indication of the product’s maturity following several years of continual investment and development.
JBFX is a subsidiary of JB Financial Group, a consolidated financial services and FinTech group, which comprises of JB Markets, JB Alpha and Crown Currency Exchange.