Tagged: fx

November 20, 2022 @ 9:37 pm By Omar Faridi  |  

LMAX Group, the operator of institutional exchanges for trading FX and digital assets, is expanding its global technology infrastructure in Asia Pacific “following the launch of a matching engine in the Equinix IBX Data Centre in Singapore (SG1).” SG1, which went live earlier this year,… Read More

November 20, 2022 @ 9:32 pm By Omar Faridi  |  

Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc announced that the blockchain-based solution they are using for bilateral FX settlements is “expanding to include the offshore yuan (CNH).” The offshore yuan “marks the fifth currency to be settled between the two banks using… Read More

November 2, 2022 @ 12:08 pm By JD Alois  |  

DBS, a Singapore-based financial institution that operates across Asia, has announced that it has utilized permissioned DeFi liquidity pools on a public blockchain to test FX trading and government securities transactions. According to DBS, the first industry pilot included JP Morgan, and SBI Digital Asset… Read More

September 25, 2022 @ 4:54 pm By Omar Faridi  |  

Lars Seier Christensen, chairman of the Swiss non-profit Concordium Foundation and a global “pioneer” in FX and derivatives trading, has announced further investment in the ecosystem around Concordium Blockchain to the tune of 10 million Euros. Determined to help grow an ecosystem in which he… Read More

September 1, 2022 @ 4:32 pm By Omar Faridi  |  

FX HedgePool, the peer-to-peer matching platform for institutional foreign exchange transactions, has acquired $8 million via Series A funding, led by Information Venture Partners, along with contributions from Fidelity International Strategic Ventures (FISV) and NAventures, National Bank of Canada’s corporate VC unit. The investment round… Read More

July 15, 2022 @ 2:59 pm By Omar Faridi  |  

Roxe, a blockchain infrastructure company that is powering the next generation of payments and digital commerce solutions, announced the launch of its Roxe Payment Protocol (RPP) USD/EUR, USD/GBP and USD/PHP (Philippine peso) liquidity pools, which is reportedly one of the first set of DeFi liquidity… Read More

June 30, 2022 @ 8:16 am By Omar Faridi  |  

Global financial services platform iBanFirst recently confirmed the acquisition of the London-headquartered FX provider, Cornhill. The strategic acquisition aims to further build on iBanFirst’s funding partnership with private equity company arlin Equity Partners, launched in June of last year. As mentioned in the update, this… Read More

January 16, 2022 @ 2:19 pm By Tony Zerucha  |  

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

October 27, 2021 @ 11:15 pm By Tony Zerucha  |  

  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

October 23, 2021 @ 4:57 pm By Omar Faridi  |  

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

October 6, 2021 @ 10:54 am By Omar Faridi  |  

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

October 2, 2021 @ 8:43 am By Omar Faridi  |  

The team at UK-based Blend Network, a peer-to-peer lending platform, notes that the prospects of the United Kingdom’s macroeconomic environment are “becoming gradually more positive.” Blend Network writes in a blog post that the improvement is “reflected, among other factors, in job openings at a… Read More

July 30, 2021 @ 11:01 pm By Omar Faridi  |  

The team at UK-based P2P lender Blend Network notes that the Covid-19 pandemic may be subsiding, however, the “new normal” may not look the same as 2019. As noted by Blend Network, market participants are increasingly concerned about inflation, especially during recent months. The P2P… Read More

July 20, 2021 @ 2:33 am By Omar Faridi  |  

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

June 30, 2021 @ 7:34 am By Omar Faridi  |  

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

June 29, 2021 @ 3:15 pm By Omar Faridi  |  

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

June 14, 2021 @ 11:05 pm By Omar Faridi  |  

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

May 21, 2021 @ 7:56 am By Omar Faridi  |  

Revolut Business revealed on Friday (May 21, 2021) that it’s introducing currency forward contracts (FX Forwards) in the United Kingdom. Revolut Business’ FX Forwards will allow firms of any size – from large corporates to single-person businesses – to set future exchange rates via an… Read More

May 15, 2021 @ 7:05 am By Omar Faridi  |  

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

April 1, 2021 @ 1:50 pm By Samantha Hurst  |  

  Barclays announced on Thursday the launch of a suite of new products for BARX FX, which further enhances its electronic capabilities and strengthens its FX offerings for clients. The suite of new products marks the banking group’s latest milestone in enhancing its electronic trading… Read More