Tagged: fx

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

September 20, 2020 @ 7:55 pm By Omar Faridi  |  

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

August 1, 2020 @ 12:30 pm By Omar Faridi  |  

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

July 25, 2020 @ 3:21 pm By Omar Faridi  |  

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

June 24, 2020 @ 8:21 am By JD Alois  |  

Vanguard, one of the world’s largest investment management firms with $5.9 trillion in global assets, is testing blockchain tech to improve and accelerate foreign exchange (FX) forward contracts. According to a release, Vanguard has partnered with Symbiont, Bankof New York Mellon, State Street, and Franklin… Read More

May 15, 2020 @ 8:12 am By JD Alois  |  

  Singapore based Fintech Spark Systems has closed on a “Series BB” funding round raising S$15m (USD $10.5m). The funding comes from Citi and HSBC as well as OSK Ventures. They will join the existing investor base including; Vickers Venture, Dymon Asia Ventures, Dymon Asia… Read More

May 14, 2020 @ 9:31 am By Samantha Hurst  |  

Rapyd, a global B2B Fintech as a Service provider, announced on Thursday it has launched a new initiative, the Rapyd Social Responsibility and will be waiving foreign exchange and processing fees on the first $100,000 in total processing volume for new businesses in the U.S., Brazil, and Mexico that… Read More

July 9, 2019 @ 3:20 am By JD Alois  |  

Digital  bank Neo has received regulatory approval from the Bank of Spain to launch a corporate multi-currency account. According to a release from the company, Neo will now create a PSD2 payment institution which will be supervised by the Bank of Spain. The Barcelona-based company, with… Read More

April 1, 2019 @ 10:31 pm By JD Alois  |  

Singapore-based Fintech Koku has raised $2 million in a pre-series A round backed by Jason Zeng, co-founder of Tencent Holdings and founder of Chinese angel investment company Decent Capital. Kokue said it expects to raise USD $10 million in a series A round during the… Read More

October 31, 2017 @ 10:22 pm By JD Alois  |  

Currency solutions platform, CurrencyVue has launched an integrated FX risk management platform in partnership with global payments and risk management provider AFEX. CurrencyVue helps businesses with international payments and FX hedging. Rather than focusing on the speed or cost of making transactions, CurrencyVue has taken… Read More

May 11, 2017 @ 4:34 am By Erin Hobey  |  

Cobalt, the FX post-trade processing network based on distributed ledger technology, today announced that Citadel Securities, a global market-maker across FX, fixed income, equities, ETFs and options, and XTX Markets, a leading quantitative-driven electronic market-maker, have signed up as Cobalt launch participants. Cobalt’s FX solution, set… Read More

December 14, 2016 @ 5:48 am By JD Alois  |  

ThinkMarkets Launch EA Buyback Campaign ThinkMarkets, a multi-asset brokerage, has launched an “EA Buyback initiative” designed to give FX traders more control through manual trading. The campaign is said to easily facilitate current Robo-Traders to switch over to ThinkMarkets’ ThinkTrader service. ThinkMarkets’ EA said their push comes… Read More

November 14, 2016 @ 7:38 am By JD Alois  |  

ThinkMarkets, a global multi asset brokerage, has launched a new German website designed to cater to the requirements of the German speaking FX trading community. The site will target Germany, Austria and Switzerland. The new website offers ThinkMarkets’ ThinkTrader platform, offering access to all of… Read More

April 28, 2016 @ 9:28 am By JD Alois  |  

The UK government is pitching in to help finance international transfer platform Tramonex.  The London-based Fintech startup has been given a £250,000 grant by Innovate UK to fund the development of a cross currency payments system that leverages blockchain technology. The prototype is expected to… Read More

March 22, 2016 @ 10:03 am By JD Alois  |  

Currency transfer specialist WorldFirst has published a report that measures UK SME’s attitudes towards traditional finance. According to their research, agile Fintech firms are preferred over banks – specifically when it comes to foreign exchange. Jonathan Quin, CEO and co-founder of World First, commented on… Read More