Transferbank, one of the leading platforms for international payments and receipts in Brazil, has launched the Exchange Guide, the first Artificial Intelligence (AI) aimed at optimizing foreign exchange operations in the country. The tool promises to increase the efficiency of financial institutions, respecting Brazilian legislation.
In Brazil, foreign exchange operations can only be carried out by institutions authorized by the Central Bank (Bacen). Each international transaction needs to be classified with a specific code to ensure legal compliance. The Exchange Guide was developed to simplify this process, allowing banks, brokers, and other companies to quickly consult classifications, required documentation, and regulatory basis.
Luiz Felipe Bazzo, CEO of Transferbank, highlights that the new tool is a great ally in the operationalization of buying and selling foreign currencies. “The technology offers a significant benefit to the domestic financial market, which still faces challenges with complex manual processes and high bureaucracy, especially regarding compliance decisions,” he states.
Although the New Exchange Legal Framework establishes that the indication of the classification code is the client’s responsibility, the complexity of the process still requires technical support. The Exchange Guide helps financial institutions speed up this service, allowing consultations for all classifications defined by Bacen, whether by navigation or search through the description, operation object, or code. The platform suggests the necessary documentation and informs about the applicable taxes.
The tool also includes an interactive chat with Generative AI, allowing customers to ask questions about legislation, taxes, and regulations. Users can input real scenarios of exchange activities to receive recommendations on which purpose to use.
Rafagan Abreu, CTO of Transferbank, emphasizes that the platform is “completely intuitive”. “The system offers a user-friendly and easy-to-use interface, anchored in an advanced database to bring more security and efficiency to different types of exchange operations,” he explains.
The Câmbio Guide is already integrated into the Transferbank exchange platform and its white label versions, serving clients like Mirae Asset, Corretora Dourada, Mapa Câmbio, and Nord Investimentos. The solution offers a personalized experience, maintaining the visual identity of the brands, and is aimed at banks, brokerage firms, multi-family offices, and independent investment agents’ offices, such as those accredited to XP and BTG. Each office has an exclusive link for exchange registration, ensuring that all clients are properly tracked and associated with the office and specific advisor.
With the arrival of the Câmbio Guide, the Brazilian exchange market is expected to undergo significant changes in the coming years. According to the CEO of Transferbank, the professionalization of the sector with new technologies and solutions that streamline exchange operations are the main trends.
“Innovative platforms like this bring intelligent features to reduce costs related to mechanical tasks, whether in relation to potential human errors or training,” reinforces Bazzo. “The digitization of the segment represents an important step towards the ‘exchange of the future,’ involving quick and precise decision-making,” he concludes.
