Tagged: foreign exchange

London based Fintech Currencycloud Introduces Weekend FX, Offering Best FX Rates 24/7

Statue St. James Park London UK United Kingdom

Currencycloud, the Fintech firm that is focused on simplifying business in a multi-currency world, has introduced Weekend FX, offering customers with the ability to provide competitive FX rates 24/7, “even after the markets close on a Friday evening.” As noted by Currencycloud: “Gone are the… Read More

European Fintech bunq Adds Features to Make it Easier to Manage Money

Euros iPhone Payments Digital Money

European Fintech challenger bunq notes that managing your funds has become even easier when using their platform. The team at bunq writes in a blog post that consumers do not want to spend a lot of time on money admin, because there are so many… Read More

Lack of FX Knowledge Could Be Costly for Traveling Brits in 2022: Survey

British Airways Jet Plane Travel UK Heathrow London

Many Brits’ holidays will cost far more than necessary given the lack of knowledge around foreign exchange (FX) charges and international transaction costs, according to research by Opinium that was commissioned by bank challenger Tally. Four out of seven (57 per cent) people don’t know banks… Read More

Bosonic Tackles Counterparty Credit, Settlement Risk in Digital Asset Markets

Balance Risk Trust Danger Table

  Bosonic’s layer 2 blockchain infrastructure will be a clear player in digital asset markets because it addresses the key issues of counterparty credit and settlement risk, founder and CEO Rosario Ingargiola said. The company draws from Ingargiola’s two decades of experience with building algorithmic,… Read More

Digital FX Hub Created by Deutsche Bank and Monetary Authority of Singapore Completes First Set of Transactions

Deutsche Bank Mobile App

Deutsche Bank (ETR: DBK) announced that it has completed “its first set of live trades on its electronic foreign exchange (e-FX) hub, based in SG1.” The e-FX hub, which was created with assistance from the Monetary Authority of Singapore (MAS), allows Deutsche Bank’s customers to… Read More

Al Ansari Exchange Leverages RippleNet Cloud to Streamline Cross-Border Remittance Payments to Malaysia with MoneyMatch

Malaysia Money Ringgit

The team at Fintech firm Ripple is pleased to confirm that UAE-headquartered foreign exchange and worldwide money transfer firm, Al Ansari Exchange has joined RippleNet. Via RippleNet Cloud, which is Ripple’s international Cloud-powered financial network tech, Al Ansari Exchange will be connecting with major money… Read More

Cloud enabled Clearing Bank ClearBank Introduces Multi-Currency Solution for Fintechs

cloud sky sun

ClearBank, the Cloud-powered clearing bank, has announced the launch of a multi-currency solution that will aim to lower the friction for Fintech firms and financial institutions that provide cross-border payments and FX capabilities. ClearBank’s API-driven tech and Banking-as-a-Service (BaaS) capabilities have created seamless payment solutions… Read More

Financial Market Infrastructure Provider CLS Welcomes Updates to FX Global Code

Cash Money Fiat Euros Dollars

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

Kensington London UK

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

ID Identification

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

Money Exchange London UK

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 Monterey California Branch

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

Charles Darwin Money Pound England UK

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

danielle rice map of europe unsplash

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

Yuan Renminbi China

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

Money Pounds UK

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

Cash Money Fiat Euros Dollars

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

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

South Korea stephanie nakagawa unsplash

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

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  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

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