Currency exchange software for Canadian money services businesses
Every transaction your team enters at the counter builds your compliance file as it goes: the customer's ID on record, LCTR and EFTR reports prepared, risk flags raised and every change logged. When FINTRAC asks, you export it instead of digging through paper. The same system runs the rest of the counter: hourly rates, multi-currency tickets, branch transfers and a built-in ledger, in any browser.
$150 CAD/month · same-day support · nothing to install
Scan the ID
Details are read from a photo or the driver's licence barcode, and the customer file is created.
Apply the rate
Hourly market rate, with your margin and rounding.
Ticket and receipt
Profit in CAD is calculated; the branded receipt is printed, saved as PDF or emailed.
Report ready
Large cash and electronic funds transfers flow into your FINTRAC reports.
FINTRAC
KeenXchange prepares your reports from the transactions you already record at the counter, and keeps the records an examiner asks for.
KeenXchange helps you prepare and track your reports; your business remains responsible for its FINTRAC obligations.
Security and privacy
You collect passports and driver's licences. Here is where they go and who can see them.
Customer files, transactions and ID photos are stored on servers in Canada, and the application that serves them runs in Canada too.
Data is encrypted in transit (HTTPS only) and at rest, and backed up automatically every day.
ID photos sit in private storage, separate for each business. Only signed-in staff of your business can open one, through a link that expires after five minutes.
To read an ID, the photo is sent over an encrypted connection to a document-reading service (Google Document AI or OpenAI), which processes it in the United States and returns the fields that fill the customer file. Neither service uses it to train its models. The photo itself stays in your KeenXchange account.
Nothing is deleted automatically, so your records stay available for FINTRAC's five-year retention period. Export your reports as PDF or CSV at any time.
You stay in control of your customers' personal information; we process it only to run KeenXchange for you. Privacy questions go to Timothé Bélanger, who is responsible for the protection of personal information at Kaizen Solutions.
Features
Bureau de change and money services business (MSB) software that handles the daily work (onboarding, rates, exchange, transfers and the books) so your team can focus on customers.
Coming soon
Submit your reports to FINTRAC directly from KeenXchange.
Today you record politically exposed person (PEP) and head of international organization (HIO) determinations for each customer. Next, customers are checked against a PEP list automatically.
Pricing
One monthly price, with support that answers the same day.
$150CAD / month
plus taxes
$750CAD, one time
flat fee
FAQ
KeenXchange prepares Large Cash Transaction Reports (LCTR), Electronic Funds Transfer Reports (EFTR) and business relationship records from your transactions. You can export them as PDF or CSV and track each submission. Automatic filing to FINTRAC is coming soon; until then, you submit the prepared reports yourself. KeenXchange helps you prepare and track your reports; your business remains responsible for its FINTRAC obligations.
Yes. Customers are checked against the Canadian sanctions lists (SEMA and JVCFOA), the Criminal Code listed terrorist entities and the UN Security Council list when they are onboarded and on every transaction, remittance and incoming transfer, and again whenever a list changes. Each check is logged with the list version, and possible matches go to your staff to resolve.
$150 CAD per month, plus taxes, with same-day support included. Optional white-glove onboarding is a flat $750 CAD.
We set up your business, import your existing data, train your team and support you through go-live. It is optional: you can also set up KeenXchange yourself.
There is nothing to install. KeenXchange is a web app that runs in any modern browser on desktop, tablet or phone. Driver's licence barcode scanners are supported, and a phone can act as the ID scanner by scanning a QR code.
Customer files, transactions and ID photos are stored in Canada, encrypted in transit and at rest, and backed up automatically every day. Each business's data is isolated from every other business, ID photos can only be opened by your signed-in staff, role-based access controls what each employee can do, only admins can edit transactions, and every edit or revert is recorded in an audit trail.
In Canada: your business's data is stored, and KeenXchange runs, on servers in Canada. Two services work from the United States: reading an ID photo (see “What the AI extraction does”) and delivering the emails KeenXchange sends, such as receipts and branch notifications.
Yes. You manage all your branches in one account, send remittances to a branch with a pickup code, and the branch manager is notified by email.
Rates update automatically every hour from a live market feed. Your margin or commission, fixed or percentage, and your rounding are applied on top.
Book a walkthrough with Timothé. We'll follow one transaction from ID scan to FINTRAC report and answer your questions. Prefer to talk now? Call or message on WhatsApp.
