I&M Bank Launches FX DIRECT Platform to Simplify Forex Trading

I&M Bank Launches FX DIRECT Platform to Simplify Forex Trading

I&M Bank has launched I&M FX DIRECT, its new online foreign exchange trading platform designed to make forex transactions faster and more efficient for business clients.

The platform introduces Straight-Through Processing (STP), which allows instant and error-free trade execution.

Streamlining Forex Transactions

The platform solves common inefficiencies in manual forex trading, such as delays and repeated phone calls. STP ensures that client orders execute automatically without manual intervention.

As a result, businesses experience fewer errors, faster settlement, and greater reliability, giving them a competitive advantage.

Empowering Businesses with Digital Control

“The launch of I&M FX DIRECT marks a major milestone in our digital transformation of treasury operations,” said Kihara Maina, Interim CEO of I&M Bank Kenya.

“We are giving business clients direct control over their forex trades. By showing the benefits of speed, transparency, and control, we aim to encourage the shift from traditional methods to electronic forex trading. The platform combines security, reliability, and expert support to help clients manage their forex needs efficiently.”

I&M Bank Launches FX DIRECT Platform to Simplify Forex Trading

Key Features of I&M FX DIRECT

I&M FX DIRECT offers a suite of features to provide businesses with a competitive edge:

• Real-Time Pricing: Users access live streaming currency rates and competitive spreads to seize market opportunities.

• Comprehensive Dealing: Clients can lock in Spot and Forward forex deals.

• Advanced Order Management: The platform allows clients to place orders that execute automatically when market conditions meet their criteria.

• Total Accessibility: The secure, web-based platform works globally on multiple browsers across desktop and mobile, with no installation required.

The platform serves businesses and individuals who transact a minimum monthly volume of $50,000.

Driving Adoption of Digital Forex Trading

As part of its broader digital transformation agenda, I&M FX DIRECT seeks to raise awareness and encourage adoption of this secure, transparent, and efficient solution.

Interested clients can contact their Relationship Manager or email globalmarkets@imbank.co.ke to start the onboarding process.

Earlier this year, I&M Bank expanded its partnership with Mastercard to provide innovative, secure, and convenient payment solutions.

This collaboration complements I&M’s digital transformation strategy, with FX DIRECT as a key milestone.