Latest Foreign exchange News: Finextra Research

Company update/markets

FXSpotStream joins the FairXchange ecosystem

In the complex Foreign Exchange (“FX”) ecosystem, the convergence of real-time streaming and advanced analytics stands to reshape the industry.

26 October 2023

Company update/payments

BNY Mellon introduces Universal FX

BNY Mellon (NYSE: BK) announced today the launch of Universal FX, a new foreign exchange (FX) platform that meets client needs to manage execution across their entire portfolio and access market-leading price transparency.

25 October 2023

Company update/payments

Nium introduces GlobalFX

Nium, the leader in real-time global payments, today announced Nium Global FX— a product that allows for guaranteed and competitive FX rates.

24 October 2023

News/regulation

US Treasury proposes crypto mixer-crackdown to end anonymous transactions

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has proposed a new rule that will increase transparency around crypto mixer transactions.

20 October 2023

Company update/wholesale

DKK Partners closes £3 million pre-seed round

DKK Partners, a leading Frontier Markets FinTech company which specialises in emerging markets (EM) and foreign exchange (FX) liquidity has announced the successful closing of their pre-seed funding raise, totalling £3 million, prior to Series B set to take place at the beginning of 2024.

19 September 2023

News/payments

Visa launches global cross-border money movement package

Visa has leveraged its acquisition of Currencycloud to launch a new global cross-border money movement service for banks, fintechs, FX brokers, corporates, and other payment institutions.

13 September 2023

News/inclusion

Inpay partners with Red Cross to reduce money transfer costs

Cross-border payments fintech Inpay has announced a partnership with the Red Cross in Denmark to enable emergency funding across more countries.

08 September 2023

Company update/people

FairXchange names Will Holt as head of R&D

Renowned for leading innovations and microstructural analysis within the financial sector, FairXchange today proudly announces the strategic onboarding of Will Holt, known for his roles at industry leaders, including Goldman Sachs and Tudor Investment Corporation.

07 September 2023

Research/Foreign exchangeFuture of Report

The Future of the Global Financial Ecosystem 2024

07 September 2023 1057 downloads

Company update/payments

Currencycloud and Go Markets partner to streamline international transactions

Currencycloud, the experts in simplifying business in a multi-currency world, have partnered with Australia-based CFD broker GO Markets to streamline and automate client deposits and withdrawals, while benefiting from real-time, API-driven competitive FX rates.

30 August 2023

News/devops

UK to host global AI summit at historic Bletchley Park

Prime Minister Rishi Sunak has announced that the global summit on the safety of artificial intelligence (AI) will be hosted at the historic Bletchley Park in Milton Keynes, where Alan Turing and a group of codebreakers cracked the Enigma code during World War II.

25 August 2023

News/devops

Mastercard launches AI centre in UAE to bolster Middle East growth

Mastercard has partnered with the UAE government to advance AI capabilities and development in the Middle East. Along with the partnership Mastercard has established a global Centre for Advanced AI and Cyber Technology in Dubai to accelerate generative AI research.

25 August 2023

News/payments

Citi invests in Peruvian FX fintech Rextie

US banking giant Citi has made a strategic investment in Peruvian foreign exchange fintech Rextie.

25 August 2023

Company update/markets

Danske Bank joins DMALINK FX ecosystem

DMALINK, the EM-focused institutional FX ECN bolsters its Scandinavian currency presence. The firm revealed that Danske Bank A/S, has added DMALINK as a platform to provide custom Scandinavian eFX pricing to its buy-side clients.

22 August 2023

News/markets

TT boosts cross-asset offering with Abel Noser Solutions acquisition

Capital markets tech vendor Trading Technologies has agreed to buy Abel Noser Solutions (ANS), a provider of transaction cost analysis for investment managers, brokers, asset owners and consultants. Financial terms of the deal were not disclosed.

22 August 2023

Company update/payments

TreviPay adds support for B2B cross-currency sales

TreviPay, the global B2B payments and invoicing network, today released a new capability to support cross-currency sales between businesses, showcasing its commitment in orchestrating choice, convenience and efficiency in B2B payments to merchants around the world.

22 August 2023

Company update/payments

Koverly releases 'Pay in 30' for deferred foreign exchange payments

Koverly, a global B2B payments solution providing payment flexibility alongside reduced foreign exchange rates, introduces the only buy now, pay later (BNPL) solution to give a 30-day extension on FX payments at no cost to the buyer or seller.

22 August 2023

Company update/markets

Bloomberg's FXGO expands pricing quality analytics

Bloomberg today announced the addition of a new suite of FX Pricing Quality tools, available to FXGO clients through Bloomberg’s multi-asset reporting tool for electronic trading (MISX).

17 August 2023

News/sustainable

UK forms climate finance partnership with Fiji

The UK Government has announced that the British High Commission (BHC) in Suva, Fiji have formed a partnership to deliver climate finance projects in Pacific Island countries.

11 August 2023

Company update/payments

FinMont partners with Chargebacks911

Global payment orchestration platform, FinMont, has announced a new partnership with leading chargeback management company Chargebacks911. The alliance will amplify FinMont’s unique global payment ecosystem and offer travel merchants a comprehensive chargeback management plan with enhanced data analysis, increased profits, and greater revenue.

11 August 2023