Tagged: fx

Lloyds and BNP Paribas to Provide Access to FX Execution Algorithms

Lloyds announced a partnership with BNP Paribas to offer its corporate and financial institution clients access to market-leading FX Execution Algorithms (EAs). The partnership will see Lloyds deliver an FX Algorithmic Execution Service supported by BNP Paribas’ edge solutions – “helping clients to execute large… Read More

MillTech and Blackrock Introduce Cash Management Solution

FX hedging specialist, MillTech, has launched a new cash management solution, in partnership with BlackRock’s CacheMatrix, to help investment managers and global corporates “optimise their excess cash.” Its solution automates cash investments and enhances returns “through direct access to an integrated marketplace of tier-1 money… Read More

UK, US based Corporates Reportedly Increase FX Hedging due to Tariff-Driven Volatility

Research from MillTechFX reveals finance professionals at corporates are increasing their FX hedge ratios and lengths to “protect their finances from tariff-driven volatility.” The most common changes to FX hedging programs in light of tariff-driven volatility are “increasing hedge lengths (54%) and increasing hedge ratios… Read More

Consultant Worries UK May Be Focusing on Wrong Issue Regarding Stablecoins

The UK is racing to create new rules to regulate the stablecoin sector. Stablecoins are typically tied to another asset, like fiat currency. There have also been algorithmic stablecoins issued, with one failing spectacularly. While stablecoins are frequently affiliated with crypto as stablecoin usage is… Read More

BIS Enables Global Financial Innovation with Project Meridian FX and Project Promissa

The Bank for International Settlements (BIS) is spearheading transformative initiatives in global finance, leveraging various technologies to enhance efficiency and interoperability in financial systems. Two recent projects, Project Meridian FX and Project Promissa, exemplify this commitment, addressing critical challenges in foreign exchange (FX) transactions and… Read More

Kraken Derivatives Introduces FX Perpetual Futures

Kraken is pleased to introduce an asset class that brings the world’s largest financial markets to Kraken Derivatives — FX perpetual futures (FX perps). The first two perps launching “at 20x leverage are EUR/USD and GBP/USD, with more forex pairs on the way soon.” This… Read More

European and UK Fund Managers Are Increasing FX Hedge Lengths, Locking in Rates and “Certainty” for Longer – Report

A report from FX-as-a-Service provider, MillTechFX, has revealed that over four-fifths (86%) of fund managers hedge their foreign exchange (FX), providing them with a “degree of protection from increased currency volatility due to rising geopolitical uncertainty.” The MillTechFX Global FX Report 2025 analyzes the findings… Read More

Capital Markets Tech Provider Derivative Path Partners with Wells Fargo

Derivative Path, Inc., a provider of capital markets technology and derivatives execution services, announced a partnership with Wells Fargo, to enhance the payments capabilities available to banks. Leveraging Wells Fargo’s FX Payment APIs integrated with Derivative Path’s platform, this initiative is designed to work within… Read More

Fintech Thunes Explains Why Transparent FX for Payouts Can Be Beneficial When Completing Cross-Border Payments

Thunes explains that sending money across borders often presents significant challenges, particularly due to the lack of transparency around foreign exchange (FX) fees. Thunes noted in a blog post that often, consumers and businesses “don’t know how much local currency they are sending abroad.” Thunes… Read More

My EU Pay Selects Embedded Banking Fintech ClearBank to Expand Client Offerings

My EU Pay, the financial institution that offers frictionless payments and FX to businesses, has partnered with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, to provide a range of banking services for their clients. My EU Pay will use ClearBank’s… Read More

London Stock Exchange Post Trade Firms Quantile and LCH ForexClear Deliver FX Smart Clearing Service

Quantile and LCH ForexClear, both LSEG Post Trade businesses, announced they have delivered the market’s first FX Smart Clearing service. The service, which went live “on 15th November, enables participants to selectively clear FX Forwards via LCH ForexClear to significantly reduce capital requirements and counterparty… Read More

Nium Celebrates New Roster of FX Tools

Nium, a provider of real-time global payments, today announced Nium Global FX, a product it says allows for guaranteed and competitive FX rates. This includes the ability to lock and hold an FX rate for up to 24 hours and settle FX conversions on a… Read More

Airwallex and Alpaca to Deliver Seamless Experience for Investors Purchasing US Stocks

Airwallex, a global payments and financial platform for modern businesses, announced its partnership with Alpaca, a developer-first API brokerage platform, to support Alpaca’s global payments and foreign exchange (FX) needs. The announcement comes on the heels of several recent Airwallex wins “in the wealthtech category,… Read More

Visa, Currencycloud Introduce New Cross-Border Payments Solution

Visa Inc. (NYSE: V) and Currencycloud, the firm simplifying business in a multi-currency world, announces Visa Cross-Border Solutions, formerly known as Visa Treasury as a Service, delivering cross-border money movement solutions for banks, Fintechs, FX brokers, corporates, and other payment institutions. Visa Cross-Border Solutions reportedly… Read More

BNPL provider Koverly welcomes Ben Haddon as VP

Koverly, a globally-focused fintech that integrates business-to-business buy now, pay later (BNPL) solutions into a digital payment platform, this week announced the addition of Ben Haddon as its vice president of credit and revenue. Haddon is expected to scale the company’s lending capacity to $70… Read More

Currencycloud, which Streamlines Multi-Currency Transactions, Teams Up with Australia’s CFD Broker GO Markets

Currencycloud, which claims to be the expert in simplifying business in a multi-currency world, have partnered with Australia-based CFD broker GO Markets in order “to streamline and automate client deposits and withdrawals while benefiting from real-time, API-driven competitive FX rates.” By integrating Currencycloud’s APIs, GO… Read More

Latin America: Citi Makes Strategic Investment in Rextie, Peru’s Fintech for FX Services

Citi (NYSE: C), which claims to be a global leader in foreign exchange (FX) markets, has made a strategic investment in Rextie, Peru’s fintech for FX services. The investment makes Rextie Latin America’s first FX fintech “to receive an investment from one of the largest… Read More

Fintech DMALINK Signs Danske Bank to Enhance Scandinavian Currencies Offering for Buy-Side

DMALINK, the EM-focused institutional FX ECN bolsters its Scandinavian currency presence. The firm revealed that Danske Bank A/S, has “added DMALINK as a platform to provide custom Scandinavian eFX pricing to its buy-side clients. The inclusion of Danske Bank in the DMALINK ecosystem “creates an… Read More

Fintech Koverly Introduces BNPL Service Enabling Businesses to Defer FX Payments for 30 Days

On track to lend $70 million in the next 12 months, global fintech startup Koverly introduces a B2B buy now, pay later platform “with a 30-day, no cost period for foreign exchange payments; company also announces seed funding.” Koverly, a global B2B payments solution “providing… Read More

Corporates Are Diversifying FX Counterparties Following Banking Crisis: Report

A report from FX-as-a-Service pioneer, MillTechFX, has revealed that many corporates in North America are looking to diversify their FX counterparties after the recent banking crisis highlighted the potential risks associated with having only one or two banking partners. The report entitled ‘The MillTechFX North… Read More

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