Italy-based FinecoBank, a Fintech service provider and private banking group, is expanding its exchange service hours for its UK-based users, who now have the option of trading different currencies 21 hours a day, 7 days a week.
FinecoBank is also expanding its multi-currency accounts to include support for additional currencies. The Fintech solution provider will now support 21 major world currencies. These include the Danish crown, Czeck crown, Hong Kong dollar, Singapore dollar, Norwegian krone, Polish Zloty, New Zealand dollar, and the Hungarian forint.
“Markets are global, but far too often individual traders are held back by artificial barriers. Today’s announcement is part of our continued commitment to serving British customers – no matter when or where they want to exchange currency even on weekends we will be there.”
FinecoBank’s multi-currency account feature allows UK-based consumers to perform quick conversions at the real exchange rate without any management, conversion or transaction fees. Users do not have to pay currency conversion charges when they conduct transactions or take out money at ATM locations in Europe.
FinecoBank’s management noted that the new announcement shows the bank’s “commitment to the UK” even after Brexit. FinecoBank provides single account banking, credit, trading and investment services via its proprietary platform. The bank has established one of Italy’s largest financial consulting groups.
FinecoBank is a Milan-based Fintech solution provider that focuses on offering online brokerage services. Established in 1999, the institution operated as a subsidiary of Banca Popolare di Brescia (Bipop) and then Bipop Carire, Capitalia and UniCredit banking groups. FinecoBank started operating as a listed company in 2014 and is no longer part of the UniCredit banking group.
FinecoBank is a constituent of FTSE MIB, which is the blue chip index of the Borsa Italiana (Italy’s only stock exchange).