Foreign exchange

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/payments

YayPay by Quadient partners Flywire

Quadient, and Flywire Corporation (Flywire) today announced a new strategic collaboration to automate and digitize business-to-business (B2B) payments globally. As a result of the partnership, Quadient’s cloud-based accounts receivable (AR) management and automation solution, YayPay by Quadient, will extend Flywire’s digital payment solutions to its global B2B clients.

/regulation

CPMI calls for ideas on ways to expand PvP settlement

Settling FX trades can lead to significant principal risk exposures when one counterparty to a trade sends a currency payment to the other counterparty before receiving the currency it is buying.

/wholesale

CLS collaborate with 12 global banks to pilot PvP for a wider range of currencies

CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, today announces its working group of 12 settlement members with global operations is participating in a pilot to evaluate potential payment-versus-payment (PvP) solutions for currencies that are not currently eligible for CLSSettlement.

/markets

RBL Bank picks Adenza for treasury platform

Adenza, the new company formed by the merger of Calypso Technology and AxiomSL to provide customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms, today announced that RBL Bank, one of India’s leading private sector banks, who had implemented the Calypso Treasury solution for its FX, fixed income, money market, equity, mutual funds and repo operations, continues to leverage the platform for expanding its business further.

/markets

Spain's MEFF launches web-based FX derivatives trading platform

MEFF, the Spanish Derivatives Market, has launched BME FX, a web platform aimed at banks and other financial institutions, which will facilitate to hedge the currency risk with MEFF's xRolling FX futures contracts.

/wholesale

CLS introduces new FX datasets

CLS, a market infrastructure delivering settlement, processing and data solutions, today announces it is launching two new datasets to capture outstanding forward and swap positions in the FX market, in addition to making enhancements to its existing suite of alternative FX data products – CLSMarketData.

/crypto

SBI Liquidity Market expands smartTrade relationship

smartTrade Technologies, a pioneer in multi-asset electronic trading solutions, announces today an expanded partnership with SBI Liquidity Market, a Japanese leading FX infrastructure solution and liquidity provider.

/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.

Wise opens the gate for US investors with ADR program

/markets

Wise opens the gate for US investors with ADR program

Wise has opened the door to US-based customers and retail and institutional investors seeking to invest in the company from September 2021.

/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.

Goldman Sachs boosts transaction banking biz with Fiserv tie-up

/cloud

Goldman Sachs boosts transaction banking biz with Fiserv tie-up

Goldman Sachs is looking to scale up its new transaction banking business by teaming up with Fiserv to offer the fintech giant's clients services, starting with cross-border supplier payments.

/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’.

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