Foreign exchange

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/payments

Foreign Currency Direct rebrands to Lumon

Foreign Currency Direct (FCD) today launches as Lumon, bringing together customers from recent acquisitions including Infinity International and Earthport FX under one distinctive, forward-thinking brand. In the crowded overseas payments space, Lumon combines the companies’ expertise to bring bank-beating rates and cutting-edge technology together to provide clarity on moving money across borders for both business and personal customers across the portfolio.

/startups

Sydney Stock Exchange joins Fintech Australia

Sydney Stock Exchange (SSX) has joined FinTech Australia’s corporate partnership program, becoming the 13th new major member it has signed on in a year. SSX joins existing partners Xero, Amazon Web Services (AWS), Mastercard, EY, Facebook, Google, eftpos, IDEMIA, Regional Australia Bank, RSM Australia and the Newcastle Permanent Building Society.

/markets

Boerse Stuttgart and Tradeweb team p to offer direct access to liquidity in US bond trading

Boerse Stuttgart, Germany's leading exchange for corporate bonds and Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets, today announced their collaboration to integrate Tradeweb’s live streaming prices for US corporate bonds on Boerse Stuttgart’s bond order book.

/wholesale

CLS completes migration of settlement service to new technology platform

CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, announced that it completed Convergence, a significant phase of its multi-year technology investment program, to deliver one of the most sophisticated, resilient, scalable and flexible post-trade technology platforms across global financial market infrastructures (FMIs).

/regulation

CLS welcomes changes to the FX Global Code settlement risk principles on PvP and netting

CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, welcomes changes to the FX Global Code (the Code) which place greater emphasis on the use of payment-versus-payment (PvP) settlement mechanisms where available, and provide more detailed guidance on the management of settlement risk where PvP settlement is not used.

/payments

Nium agrees to buy Wirecard Forex India

Nium, a leading global payments platform, today announced it has signed a definitive agreement to acquire Wirecard Forex India Pte. Ltd – a foreign currency exchange, pre-paid card, and remittance service provider in India.

/wholesale

Kantox expands Silicon Valley Bank partnership

Kantox, a European fintech and leader in Currency Management Automation software, has announced an expansion of their partnership with Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors.

/people

Ebury appoints France country head

Ebury, a leading global FinTech, has announced the appointment of Anne-Sophie Matthieu as the new Country Manager of its French division, joining from Crédit du Nord Group.

/markets

Equiti selects FlexTrade FX platform

FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems, today announced that Equiti, a pioneering fintech firm and world-class provider of online trading technology and multi-asset financial products, has chosen FlexTrade Systems’ MaxxTrader Foreign Exchange Platform Solution for their Prime of Prime Services Offering.

/markets

Refinitiv launches electronic trading matching service in Indonesia

Refinitiv, an LSEG business, today announced it has launched its leading global electronic trading Matching service in Indonesia, as the Southeast Asian nation focuses on further developing its financial market.

/startups

New multibank FX marketplace launches with backing from City grandee Ronald Cohen

Millennium Global, one of the world’s largest currency managers, has launched MillTechFX, an independent, comparative multi-bank FX marketplace which reduces FX execution costs and operational burdens, with the backing of Sir Ronald Cohen, widely known as ‘the father of British venture capital’.

/payments

Cambridge Global Payments teams up with Steamchain

Cambridge Global Payments (“Cambridge”), a FLEETCOR company (NYSE: FLT) and a provider of integrated cross-border payments and currency risk management solutions, and Steamchain Corp. (“Steamchain”), a technology platform focused on helping to reduce the cost of currency conversion, currency fluctuation risk and cumbersome document flow, are pleased to announce they have partnered to bring a tailored solution to help companies in the global shipping and logistics industries, simplify sending and receiving payments with their global partners.

/identity

RationalFX to speed customer onboarding with truNarrative

TruNarrative has been chosen by the Rational Group, home of the cutting-edge FX and payment companies RationalFX and Xendpay, to boost its customer onboarding and identity verification processes and deliver a seamless customer experience.

/payments

Moneycorp Americas unveils enhanced API integration

moneycorp Americas, a leading provider of global payments and FX risk management solutions, announces its new cloud API integration enhancement that can seamlessly integrate into client accounting software and ERP systems, at no additional cost.

/crypto

LMAX Group enters the DeFi space as a market data provider to the Pyth Network

LMAX Group, the leading independent operator of institutional execution venues for FX and cryptocurrency trading, today announces that it has joined the Pyth Network (“Pyth”), a decentralised financial market data distribution network.

/payments

Pacific Western Bank goes live with Finzly FX Star platform

Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, announced today that Pacific Western Bank went live with Finzly’s FX STARTM platform, an end-to-end solution for managing international banking products.

/payments

Datasoft embeds correspondent-banking-as-a-service into its core offering

Datasoft Global Technologies Inc. (“Datasoft”), a leading provider of foreign exchange and global payments software solutions, announced today their latest on-demand product extension, FxOffice Platform-as-a-Service (PaaS).

/Foreign exchange

UOB deploys Chronicle Software for electronic FX pricing and trade engine

UOB today announced that it has deployed Chronicle Software’s (Chronicle) EFX solution for its electronic foreign exchange (FX) pricing and trade engine.

/people

Former Citi executive James Dalton joins FairXchange as strategic advisor

James Dalton has joined financial markets data science firm, FairXchange as Strategic Advisor to assist with the firm’s strategy, product development and the growth of its global client base of banks, hedge funds and FX brokers.

/payments

Revolut Business launches FX Forwards

Revolut Business has today announced the launch of currency forward contracts (FX Forwards) in the UK.

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