Latest Foreign exchange News: Finextra Research

Company update/markets

Tradefeedr data analytics feed embedded with LSEG FX trading ecosystem

Tradefeedr, the leading network for FX trading analytics and collaborative data sharing, and LSEG FX, today announce plans to enter into a strategic partnership to integrate Tradefeedr’s unified data APIs within the LSEG FX trading ecosystem, including LSEG’s leading venue FXall and flagship workflow tool, LSEG Workspace.

13 February 2024

Top 5 payment stories you missed in January 2024

News/payments

Universal Partners opens applications for FX Academy

Universal Partners, a leading provider of financial services to businesses, today announced that applications are now open for a new intake of cohorts for its FX Academy, a comprehensive twelve-month training scheme designed to identify, cultivate and recruit exceptional diverse talent looking to launch a career in financial markets.

25 January 2024

Company update/wholesale

Kantox ships In-House FX: Centralising FX management for global businesses

Kantox, a global leader in Currency Management Automation software, has today announced the launch of Kantox In-House FX.

24 January 2024

News/retail

Wise accuses high street banks of hidden exchange rate fees

For GBP to EUR, Wise reports that HSBC has the highest fee for exchange rates (3.7%), followed by Lloyds at 3.6%, Barclays at 2.75%, and NatWest, TSB and Santander all at 2.5%.

19 January 2024

Company update/payments

Ebury becomes Rangers FC FX transfer partner

Rangers Football Club are today delighted to announce a partnership with Ebury that will see one of the fastest-growing global fintech companies become the club’s Official FX Transfer partner.

19 January 2024

News/wholesale

AbbeyCross raises $6.5m for emerging markets FX platform

AbbeyCross, a wholesale FX platform focused on improving the payment market infrastructure for emerging market currencies, has raised US$6.5 million in a seed funding round.

09 January 2024

Company update/markets

FlexTrade EMS to integrate with FXall

FlexTrade Systems, a global leader in multi-asset execution and order management systems, and LSEG, have today announced a partnership to deliver FlexTRADER EMS clients seamless access to FXall, LSEG’s leading electronic trading platform for global currency products.

21 December 2023

News/payments

Nth Exception launches AI tool for ISO 20022 adoption

London-based fintech Nth Exception has launched Nucleus, a machine learning data fabric to ease financial institutions into ISO 20022 adoption.

15 December 2023

Company update/Foreign exchange

CLS to welcome first Taiwanese bank to CLSNet

CLS, a financial market infrastructure group delivering settlement, processing, and data solutions, today announced that Taipei Fubon Bank, a leading bank in Taiwan, is the first Taiwanese bank to commit to using CLSNet, CLS’s bilateral payment netting calculation service for over 120 currencies.

07 December 2023

News/security

HSBC trials quantum protection for AI-powered FX trading

HSBC has piloted the use of quantum key encryption to protect client FX trading data from the threat of increasingly powerful cyber attacks.

06 December 2023

News/sustainable

COP28: UAE commits $30bn to climate finance

The UAE has announced a $30 billion investment to launch a climate-focused investment vehicle at COP28, that will set the foundation to establish a more transparent climate finance system and provide funding and access to the Global South.

01 December 2023

Company update/crypto

Coinpanion joins global alternative investment platform Altify

Austrian crypto investing platform Coinpanion joins Altify — a global alternative investment platform. Customers will soon have access to a wide range of alternative investment opportunities, such as private loans, real estate or venture capital, alongside Coinpanion's existing offering of ETF-style crypto portfolios. At Altify, Coinpanion is joined by two other investment platforms — Revix and BitFund.

01 December 2023

News/regulation

EU considers widening scope of cybersecurity regulation

The EU is contemplating the need to widen scope of cybersecurity regulation to impact Big Tech, banks, and airlines as more companies move to the cloud to drive innovation.

24 November 2023

Company update/regulation

LMAX secures licence in Singapore

LMAX Group, a leading operator of institutional exchanges for trading FX and digital assets, today announces that its subsidiary, LMAX Exchange Singapore, has received a Recognised Market Operator (RMO) Licence from the Monetary Authority of Singapore (MAS).

22 November 2023

Company update/wholesale

LCH ForexClear and Quantile launch FX clearing service

Quantile and LCH ForexClear, both LSEG Post Trade businesses, today announced they have delivered the market’s first FX Smart Clearing service.

21 November 2023

Company update/markets

Citi develops blockchain FX product under Singapore's Project Guardian

Citi has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades.

16 November 2023

Company update/payments

Mangopay releases end-to-end FX package for platforms and marketplaces

Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms, today announces the expansion of its cross-border capabilities with the launch of its end-to-end FX solution, designed to support the international growth of platforms and marketplaces.

15 November 2023

Company update/payments

Jeeves and Bexs launch cross-border B2B payments platform in Brazil

Ushering in a new era of financial efficiency, Jeeves, a global expense management and cross-border payments platform, in partnership with Bexs, the acclaimed bank specializing in FX and digital payments, proudly introduces Brazil’s first-ever fully digital self-service cross-border Business-to-Business (B2B) payment platform.

08 November 2023

Company update/wholesale

CobaltFX launches trade notification network

A Single Point of Failure (“SPoF”) in FX post-trade messaging, created by decades of market consolidation, poses a significant threat to the entire global financial ecosystem says industry veteran Andy Coyne of CobaltFX, voicing his concerns as the British fintech launches its alternative post-trade messaging service in efforts to de-risk FX and deal with lack of competition in the world’s effectively largest market.

07 November 2023