A global payment solutions provider, Verto, has launched a new feature called Auto Exchange to help businesses automate currency conversions and simplify cross-border foreign exchange trades.
The new tool allows customers to set their desired exchange rate and trade amount within the Verto platform. Once the market reaches the specified rate, the system automatically executes the transaction, eliminating the need for businesses to constantly monitor currency markets.
The Product Director of Verto, Tomasz Bilakiewicz, said the feature was developed to help businesses manage FX transactions more efficiently while reducing the risks of missing favourable rates.
“We’re thrilled to introduce Auto Exchange, a feature designed to bring both efficiency and peace of mind to our customers’ FX operations,” he said.
“No more constant refreshing or fear of missing a target rate.
With Auto Exchange, businesses can set their parameters and trust Verto to execute automatically, allowing them to focus on what truly matters: growing their business.”
The firm explained that many businesses lose valuable time tracking currency fluctuations in an effort to capture the best rates. The new feature removes that burden by automating the monitoring and execution process.
Through Auto Exchange, users can specify the currency pair, the desired target exchange rate, the trade amount, and the direction of the exchange, such as converting from the British pound to the US dollar.
Verto said the tool is part of its broader suite of FX solutions, which includes access to bank-beating rates across 49 currencies, with a focus on emerging markets.
Verto is a global payments platform that simplifies international money transfers and currency exchange for businesses of all sizes. The firm said it is committed to helping businesses thrive in the global marketplace through transparent, fast, and cost-effective solutions.
