Diaspora exchange, without the spreadsheet.
Quote, collect the deposit, verify it, release the payout and keep an AML record — for a bureau, an agent network or a remittance business.
Who it is for
- Bureaux de change and currency exchange operators
- Remittance and payout agents serving the diaspora
- Businesses paying suppliers or staff abroad regularly
What it does
Live-ready quoting
Market rate, margin and fee produce an applied rate and a payout the client accepts before it expires.
Deposit verification
Clients mark a deposit with a reference; you verify it and the exchange moves to payout.
Payouts
Release the payout with a reference, then complete the exchange — with the full event log.
AML queue
Flagged exchanges land in a review queue where you clear or block them with a recorded reason.
Beneficiaries
Saved recipients with bank details validated for the destination — Nigerian accounts are NUBAN-checked.
Client list import
Bring clients and beneficiaries across from a spreadsheet, with duplicate bank-account detection.
How it works, day to day
Client creates an exchange
They pick a direction, amount and beneficiary and get a rate with an expiry window.
Deposit is verified
You confirm the funds arrived and the exchange is cleared for payout.
Payout is released
Send the funds, record the reference, and the exchange completes with an audit of every step.
Reports and filings
Volume, margin and corridor reports per month, exportable as CSV, Excel or PDF.
Compliance and controls
- AML flagging with a review queue and recorded clear/block decisions
- KYC status on every client account
- Per-business isolation: one bureau never sees another's clients or transfers
- Complete exchange event history and an exportable audit trail
Common questions
Can we run without live payment keys?
Yes — the platform runs in a clearly marked simulated mode so you can train staff and test workflows without moving money. Add your keys when you are ready to go live.
Are rate feeds live?
The rate engine supports a live feed when configured and a manual base rate otherwise, so quoting always works.
How are fees and margins handled?
You set the margin, fee and float per corridor; each exchange stores the market rate, applied rate and margin captured for reporting.
Ready to try Ngychom FX?
Create a workspace in under a minute, or import your existing data and keep working the way you do today.