Economy, Business And Markets

Sepah Forex Platform

Sepah Forex PlatformSepah Forex Platform

Bank Sepah launched a new banking system for handling its foreign exchange operations. The platform, developed by Pooya Company, enables the bank to manage accounts based on international rules, get connected to SWIFT interbank messaging system and provide supervisory bodies with authentic financial statements, reported on Monday. It will become operational in all of Sepah branches from March 20. The move is in line with Sepah’s plans for expanding international operations after its name was removed from the sanctions’ list in January. Sepah hopes such technologies would help improve transparency in operations and enhance its relations with customers. Established in 1982, Pooya Company offers banking solutions and research services to the banking system.