Latest Foreign exchange News: Finextra Research

Finastra to give customers access to CLSNet

CLS, a market infrastructure delivering settlement, processing and data solutions, and Finastra, one of the world’s largest fintechs, have agreed to enter into a collaboration to provide Finastra customers with access to CLSNet, CLS’s bilateral payment netting calculation service.

30 November 2020

Company update/Foreign exchange

OpenPayd launches InstantFX offering real-time currency tradingg

October—OpenPayd, the API-led Banking-as-a-Service provider, today announced the launch of InstantFX, its FX-as-a-Service product that provides clients with real-time trading, putting an end to the need for batch processing.

27 October 2020

Company update/markets

CaixaBank rolls out real-time currency trading platform

CaixaBank presents FX Now, its new online platform that lets customers trade currencies in real time, 24 hours a day, in an agile and secure way, and with no intermediaries.

22 October 2020

Company update/Foreign exchange

CLS and SIGTech collaborate to offer quantitative analytics capabilities

CLS, a financial market infrastructure delivering settlement, processing and data solutions, and SIGTech, a leading technology provider to quantitative investment managers, today announce a collaboration to provide CLSMarketData clients with access to SIGTech’s back testing environment and analytics platform.

20 October 2020

Company update/people

Integral hires Kevin Wilson from Citi as managing director

Integral, a leading FX technology provider, announced today that Mr. Kevin Wilson, a former Citi executive, has joined the firm as Managing Director - Business Development.

13 October 2020

Company update/Foreign exchange

Deutsche Bank wins approval for China’s Safe foreign currency trade payments pilot scheme

Deutsche Bank today announced that it has become the first European bank to be approved for the State Administration of Foreign Exchange (SAFE)’s Pilot Scheme for Facilitation of Foreign Exchange Receipts and Payments for Trade, which aims to simplify and improve foreign currency payments for cross-border trades.

12 October 2020

Company update/payments

BofA launches omni-channel approach to cross-currency transactions

Bank of America is responding to the dual imperatives of cross-currency transactions – technology innovation and client demand for improved efficiency – with an omni-channel offering that now includes API (application programming interface) and mobile connectivity.

07 October 2020

Company update/payments

Currencycloud and Tribe Payments join forces

Currencycloud, the leader in providing B2B embedded cross-border solutions, and Tribe Payments, a tech company dedicated to deliver the future of payments technology across the ecosystem, have partnered to deliver complete transparency to foreign exchange costs charged on international card transactions, whilst also giving customers access to multi-currency wallets.

22 September 2020

News/payments

ClearBank dances on the cloud’s silver lining thanks to Covid-19

For the latest feather in its cap, the cloud-based ClearBank became the first clearing bank to offer multi-currency bank accounts via API. Partnering with JP Morgan, ClearBank will offer clients the ability to move funds between accounts through an API-based connection to JPMorgan, but this is just one step in what promises to be a period of strong growth for the firm.

22 September 2020

Company update/payments

Neo launches multi-currency bank account for SMEs

Neo, the treasury management, payments and FX fintech, is launching a new international multi-currency account service for small and medium-sized enterprises (SMEs).

21 September 2020

Company update/wholesale

CITIC Bank adopts Refinitiv for eFX trading

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, today announced that China CITIC Bank International has adopted Refinitiv Electronic Trading platform to enhance its Foreign Exchange (FX) trading and distribution workflow.

18 September 2020

Company update/payments

Plastiq to offer FX on cards via Silicon Valley Bank

Today, Plastiq, the intelligent payment solutions provider for businesses, announced a partnership with Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, to offer foreign exchange (FX) credit card payment capabilities.

19 August 2020

News/payments

UAE card issuer and processor NymCard secures regulatory pre-approval

Abu Dhabi-based fintech NymCard has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FRSA) to hold and transfer money, issue payment instruments with stored value and carry out currency exchange.

17 August 2020

News/markets

ION offers to sell Broadway fixed income biz to clear competition concerns

ION Group has agreed to offload Broadway Technology's fixed income business in order to appease the UK's competition watchdog and secure the acquisition of the rest of the company.

10 August 2020

Company update/wholesale

State Street's BestX launches TCA for equities

BestX, State Street’s foreign exchange and fixed income best execution analytics platform, announced today that it has expanded its award-winning execution analytics software and launched a post-trade transaction cost analysis (“TCA”) module for equity markets.

29 July 2020

Company update/wholesale

Samtrade FX gets UK and Australian licences

Samtrade FX, a leading online trading brokerage that is committed to providing traders with safe, easy and low-cost access to Forex and Contracts for Differences (CFD)trading, today announced that it has been registered and authorised as an Appointed Representative by the FCA (reference number: 929921), the conduct regulator for financial services firms and financial markets in the United Kingdom (UK).

29 July 2020

Company update/markets

FXSpotStream adds SocGen as liquidity provider

In May 2020, FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, announced Societe Generale as the 15th liquidity providing bank to join its Service.

28 July 2020

News/payments

Airwallex adds Deutsche Bank for cross-border collection and API-enabled FX services

Fintech unicorn Airwallex has turned to Deutsche Bank to help it provide virtual account collections and API-enabled foreign exchange services in in Japan and Hong Kong, respectively.

28 July 2020

Company update/markets

Moscow Exchange buys 17% stake e-FX trading platform

On 23 July 2020, Moscow Exchange completed the acquisition of a 17% stake in BierbaumPro AG, which holds a 100% ownership stake in NTProgress, the company behind the development of the proprietary OTC FX platform NTPro. NTProgress is BierbaumPro’s main asset.

24 July 2020

News/markets

Standard Chartered invests in post-trade FX platform Cobalt

Standard Chartered has invested in foreign exchange (FX) post-trade infrastructure provider Cobalt, joining Citi as the second client-side backer of the blockchain-based network.

23 July 2020