How to perform currency conversion on the Modulr platform?
You can perform currency conversions on the Modulr platform using our powerful financial orchestration capabilities, combined with our pre-built Modulr banking integration, and by establishing a custom connection to any liquidity provider of your choice.
Combined with (select)
Exchanges
Combined with
Any liquidity provider
What you get
Technical Advantages
- Spot FX
- Dynamic pricing per currency
- Ability to show mark-ups
- IF platform coordinates with integrated FX liquidity providers
- Manages any fees or markups
- Unlimited standard accounts and house accounts
- Corporate and individual standard account types
- GBP and EUR accounts
- Universal transfers (domestic + international payment rails)
- Real-time currency conversion
- Real-time liquidity management on live currency conversion rates
- Highly secure, agnostic and fully redundant infrastructure platform
- Best-in-class back office portal for your finance and ops teams
- Full exchange lifecyle
- Automatic value date calculation
- Automatic rolling of exchange if balance below amount converted
- Ensure redundancy and eliminate the risk of de-banking by any banking provider
- Easily add, switch, migrate and remove banking providers without the need to build integrations from scratch
- Manage and extend the capability of all account related financial business operations with access to a decoupled ledger system
- No need to build a streamlined, decoupled ledger system showing updated client balances as a result of FX transactions
- Utilise a best-in-class back office portal to perform liquidity operations such as sending funds to your liquidity provider, converting, receiving funds back to your house and/or client accounts
- Reduced total cost of ownership across direct, indirect and opportunity development costs
- Reduced risks associated with software security and regulatory compliance
- Faster time to market
- Utilise a variety of webhooks to action multiple workflows to build your Fintech product