Millennium Forex Trader in the Mobile App for Companies

Millennium Forex Trader is an integrated, intuitive solution that allows you to monitor online current price levels for selected currency pairs and to conclude transactions. In the mobile application version - spot and forward exchange transactions up to one year, on the Millenet website - additionally currency swap transactions up to 1 year and conditional orders for spot exchange transactions. Transactions are concluded at current FX rates taken straight from the FX market. Thanks to the convenient and simple settlement method, transactions are shown on the company’s bank account promptly after trading.

- Thanks to the platform, traders have direct access to the international currency market and can react to the changing exchange rate situation on an ongoing basis, selling and buying currencies on competitive terms on their own. Importantly, it can be used by companies of all sizes, including small ones with relatively low turnover. Millennium Forex Trader is very popular, currently over 70% of currency transactions are concluded through the platform. Concluding transactions online simplifies and shortens the operation, offers you full control over your transactions as well as over your company's currency position, and allows getting market transaction prices even for small denominations. It also saves time and minimizes service costs due to access to quotes directly from the interbank market. To sum up – online currency exchange platforms are an extremely convenient tool for companies actively trading with foreign partners – says Marcin Serafin, Director of the Treasury Department at Bank Millennium.

Every user who has access to the Millennium Forex Trader module in Millenet for Companies can use its version in the mobile app at the same time. The app allows you to track changes in rates for selected currency pairs during the login session. Changes are presented on the screen in the form of coloured indicators, showing the increase or decrease in the rate. The app user independently defines the currency pairs and the default value date (transaction settlement date), which will be visible after logging into the platform.

The new mobile app for Bank Millennium companies has been built from scratch using the best practices applied by the bank when developing solutions for retail clients. Thus, a user-friendly application of unique quality was created, ready to handle large amounts of data, addressed to both small business owners and large corporations with extensive financial departments. It hit stores in May this year and gained 10,000 company users in just six months.

– Customers have received the new app very positively, as evidenced by its results. Already every third company using Millenet for Companies has the app. And this number is growing every day – says Paweł Idzikowski, head of the corporate banking products team in the Electronic Banking Department. – We are most pleased that as many as 90% of our customers log into the app and actively use it. It's a huge success – he adds.

Since its release, the app has been continuously evolving. Today, it enables, i.a., logging in with a fingerprint or face scan, managing multiple accounts at the same time, in one panel, flexible granting permissions to users, adding subsequent companies owned by the client and quick switching between them and their products, with no need to relog. Users can personalize the app according to their needs.

The application makes it very easy to order the company's daily payments. It informs the user about events on the account, including credits to the account, blockades, payments awaiting authorization. A simple interface reduces the time needed to complete operation. Counterparties can be immediately checked against the whitelist of VAT taxpayers. In addition, in the app, you can easily generate confirmations and statements that can be sent by e-mail or via the messenger on your phone. Payment management is simple, users can authorise payments quickly and securely. On the main screen there are two tiles – authorisation and rejected transfers, which allow you to handle these operations immediately. User can select payments awaiting authorisation and confirm with one click. One click is also enough to accept the whole package of orders. The application also ensures the security of users during order authorization, which is particularly important for large enterprises, in the case of multi-level transaction acceptance structures. The user can see the full history of orders, who entered, modified and authorized them.

More about the app on https://www.bankmillennium.pl/przedsiebiorstwa/bankowosc-elektroniczna