Transferbank, one of the leading international payment and receiving platforms in Brazil, has launched Guia Câmbio, the first Artificial Intelligence (AI) tool focused on optimizing foreign exchange operations in the country. The tool promises to increase the efficiency of financial institutions while respecting Brazilian law.
In Brazil, foreign exchange transactions can only be carried out by institutions authorized by the Central Bank (Bacen). Each international transaction must 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 the classifications, required documentation, and regulatory basis.
Luiz Felipe Bazzo, CEO of Transferbank, highlights that the new tool is a great ally in the operational aspects of buying and selling foreign currencies. "The technology offers a significant benefit to the national financial market, which still faces challenges with complex manual processes and high bureaucracy, especially regarding compliance decisions," he states.
Although the new Foreign Exchange Legal Framework defines that indicating the classification code is the client's responsibility, the complexity of the process still requires technical support. The Exchange Guide helps financial institutions streamline this service, allowing them to consult all classifications defined by the Central Bank of Brazil (Bacen), either by browsing or searching by description, transaction type, or code. The platform suggests the necessary documentation and provides information on applicable taxes.
The tool also includes an interactive chat with Generative AI, which allows customers to ask questions about laws, taxes, and regulations. Users can input real-life scenarios of foreign exchange activities to receive recommendations on what purpose to use the currency for.
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 foreign exchange transactions," he explains.
The Exchange Guide is already integrated with the Transferbank exchange platform and its white-label versions, serving clients such as Mirae Asset, Corretora Dourada, Mapa Câmbio, and Nord Investimentos. The solution offers a personalized experience while maintaining the visual identity of the brands, and targets banks, brokerage firms, multi-family offices, and independent investment agent offices, such as those accredited to XP and BTG. Each office has a unique link for exchange registration, ensuring that all clients are properly tracked and associated with the specific office and advisor.
With the arrival of Guia Câmbio (Exchange Guide), the Brazilian foreign 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 foreign exchange operations are the main trends.
“Innovative platforms like this one bring intelligent resources to reduce costs related to mechanical tasks, whether in relation to potential human errors or training,” Bazzo emphasizes. “The digitalization of the segment represents an important step towards the 'change of the future,' which involves making quick and accurate decisions,” he concludes.
