Kuwait Finance House (KFH) has launched Live FX service, which provides live dynamic foreign exchange prices with favorable margins 24 hours a day, every weekday.
The Live FX service is an innovative solution based on technology in the electronic foreign exchange markets, where customers are able to purchase and sell TRY and G7 currencies at favorable margins, day and night, through KFHonline on the website or the mobile app.
KFH Treasury General Manager Ahmad Alsumait, said:
“While the banking sector widens the foreign exchange rate margins which it applies in its internet and mobile application during non-working hours, KFH provided the high-end Live FX service to create a solution to the problem of high foreign exchange margins outside of working hours due to lack of live pricing and smart hedging systems.”
Alsumait added:
“Our innovative, dynamic and powerful Treasury and information technologies team with global infrastructure solution partners play an important role in realizing all these sophisticated fin-tech products and solutions. We are constantly working to provide better service to our customers, reiterating the bank’s innovations will continue”.
