Tagged: foreign exchange

Financial Market Infrastructure Provider CLS Welcomes Updates to FX Global Code

CLS, a financial market infrastructure service offering settlement, processing and data solutions across the international foreign exchange (FX) ecosystem, has welcomed updates to the FX Global Code – which aim to place more emphasis on the use of payment-versus-payment (PvP) settlement mechanisms where accessible, while… Read More

Real Estate: UK Housing Prices Up 10.9% YoY in May 2021, the Largest Increase Since Aug 2014, New Report Reveals

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that recent market developments in the United Kingdom have seen investors preparing for expected growth and may also want to watch out for inflation. As mentioned by Blend Network, headlines and concerns regarding inflation… Read More

TruNarrative Chooses Rational Group to Enhance its Customer Onboarding and ID Verification Processes

TruNarrative has reportedly been selected by the Rational Group, which is home to FX and payment firms RationalFX and Xendpay. TruNarrative has been chosen by Rational Group to enhance its customer onboarding and identity verification processes while offering a user-friendly experience. Launched in 2005, RationalFX… Read More

Peer to Peer DeFi Payment Protocol Roxe Goes Live, Will Offer Competitive Wholesale FX Rates

Roxe, a global payment network, revealed on Friday (June 11, 2021) that it has officially launched  the Roxe Payment Protocol (RPP), which is described as an open, decentralized and peer-to-peer payments protocol developed to offer wholesale foreign exchange rates to individuals, payment firms, banking institutions… Read More

Dutch Financial Services Group Rabobank to Spin Off Fintech TreasurUp with Assistance from Australia’s OFX

Rabobank, a Dutch multinational banking and financial services group, has reportedly decided to spin off its TreasurUp initiative via a Series A round with assistance from Australia’s cross-border payments Fintech OFX. Rabobank will still be a shareholder in TreasurUp, while management and TreasurUp’s engineering partner… Read More

UK Fintech VitraCash Secures £330,000 via CrowdCube with Nearly 1,000 Investors, Initial Product Launch Expected in Summer 2021

UK-based Fintech firm VitraCash recently finalized its pre-seed funding round with £330,000 in capital coming from nearly 1,000 different investors. The company is now planning to introduce its “first-of-its-kind” smart debit card during Q3 2021. As mentioned in an update shared with CI: “With their… Read More

UK Payments and FX Provider RationalFX Partners BaaS Platform Railsbank, Will Expand Business across Europe

Railsbank, an established Banking-as-a-Service (BaaS) platform, has teamed up with RationalFX, a UK payments and foreign exchange provider. Through the partnership with Railsbank, RationalFX will be strengthening its product offering in European markets. Railsbank now offers ledger and payment services that will allow RationalFX’s clients… Read More

China CITIC Bank International to Use Refinitiv Electronic Trading Platform to Streamline FX Workflow

Refinitiv, one of the largest providers of financial markets data and infrastructure, has revealed that China CITIC Bank International will be using the Refinitiv Electronic Trading platform to streamline its foreign exchange (FX) trading and distribution workflow. Banks and other financial service providers are looking… Read More

Fintech Firm FXPress, a Forex Specialist, to Acquire Avila House so it Can Offer Accounts for Depositing, Holding, Transferring Funds

Fintech firm FXPress Payment Services revealed on August 18, 2020, that it will be acquiring Avila House Ltd, which is subject to regulatory approval. Avila House is a licensed Small Electronic Money Institution. FXPress Payment Services Ltd is authorized and regulated by the UK’s Financial… Read More

B2B Payments Hub, Qolo, Partners with Cross-Border Payments Provider, moneycorp, to Launch FX Payment Solution

Qolo, which aims to serve as the B2B payments hub for the “New Economy,” and moneycorp, a foreign exchange and cross-border payments provider, recently announced the launch of an integrated foreign exchange (FX) payment solution. As noted in a release shared with CI: “Global businesses,… Read More

Deutsche Bank Now Enabling Airwallex to Provide Virtual Account Collections & API-Enabled Foreign Exchange Services in Japan & Hong Kong

Deutsche Bank announced on Monday it will enable global fintech Airwallex to provide virtual account collections and API-enabled foreign exchange services in Japan and Hong Kong. According to Deutsche Bank, the solution will further allow Airwallex to seamlessly process and convert cross-border payments made to… Read More

South Korean Fintech Breakthrough: Apps to Access Decentralized Foreign Exchange Rates Compiled by Local Banks via Chainlink Integration

CenterPrime, a private Hyperledger based blockchain platform with access to the South Korean Open Banking API, is now sharing foreign exchange (FX) rate data from large Korean banks to Chainlink’s decentralized oracle network. Participating banks include Hana Bank, Shinhan Bank, Nonghyup Bank, and Industrial Bank… Read More

Global Payments & Foreign Exchange Platform Shift Connect Forms Partnership With CurrencyCloud to Drive Expansion

  Shift Connect, Canada-based global payments and foreign exchange platform, announced on Monday it has formed a new partnership with cross-border payment platform Currencycloud to power its expansion into new territories, which includes the U.S., Europe, and the UK. Through the partnership, Shift Connect will… Read More

UK-based FTMarkets, a Foreign Exchange, Launches Platform in Vietnam

UK-headquartered FTMarkets, a foreign exchange established in 2005, recently introduced its trading platform in Vietnam, allowing the residents of the Asian nation to download applications and perform foreign exchange transactions. FTMarkets provides investors MT4 and APP platforms for conducting trades and it doesn’t charge clients… Read More

Boston-based Fintech Flywire Develops Cross-Border Payments Solution for Bank of America

Boston, Massachusetts-based Flywire, a Fintech firm focused on solving complex payment problems globally and locally, revealed that it has developed a new international payments solution for Bank of America (BoA).  The new payment system has been specifically designed to streamline international transactions for BoA’s corporate… Read More

Global Payments & Foreign Exchange Solution Finablr Acquires Major Stake in Digital Gifting Platform Swych

Finablr, a global platform for payments and foreign exchange solutions, announced on Monday it has increased its stake in Swych, a digital gifting platform, with a follow-on Series B investment to become a majority shareholder. Finablr reported that through its stake it will leverage its network’s leadership and… Read More

Circle Launches Free Cross-Border Mobile Payments Based on Blockchain

Circle, a Blockchain based Fintech startup backed by Goldman Sachs, announced recently it was launching its mobile payments solution to the US, UK, and Europe, which will allow people to transfer money across countries without any fees instantly. Free and Instant Cross-Border Payments Blockchain is the… Read More

Chinese Fintech Startup Helps Mainlanders Invest Money in US Funds

China’s Concerns with Outflowing Money China has a money outflow problem on its hands. More than US $1.2 Trillion has left China since its yuan was devalued in August 2015, according to Bloomberg. Money has been leaving China in several ways: increase in repaying foreign… Read More

Partech Ventures Leads €10MM Financing Round For Foreign-Exchange Platform Kantox

Partech Ventures announced on Wednesday it has co-led a new €10MM financing round in Kantox, a foreign exchange services provider for SMEs and mid-cap companies. Philippe Collombel, Managing Partner at Partech Ventures and Kantox board member, stated: “With our 2nd significant investment in 18 months, Partech Ventures… Read More

Kantox Hits $1B in Business Foreign Exchange Transactions: FX P2P Innovator

Kantox, the peer-to-peer (P2P) foreign exchange (FX) platform for businesses, has reached $1 billion in FX transactions. Over 20% of this volume was achieved in the last two months, with $100 million worth of FX transactions made in December alone. “It’s a real testament to our… Read More

Send this to a friend