Latest Foreign exchange News: Finextra Research

CBDC benefits found in Digital Dollar Project’s pilot study

The Digital Dollar Project has concluded their pilot study into digital currency opportunities alongside Western Union, BDO Unibank in the Philippines, and Accenture.

04 August 2023

News/sustainable

Fintech and sustainability at the heart of UK and Singapore’s Financial Dialogue

HM Treasury and the Monetary Authority of Singapore (MAS) held the eighth UK-Singapore Financial Dialogue in London yesterday, discussing further collaboration in sustainable finance and fintech.

28 July 2023

Company update/payments

Deutsche Bank joins CLSNet

CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that Deutsche Bank has gone live on CLS’s bilateral payment netting calculation service for over 120 currencies – CLSNet.

20 July 2023

Company update/payments

Travelex taps HedgeFlows for pre-order FX service

HedgeFlows, a FinTech platform for small and medium enterprises (SMEs), has partnered with Travelex to help people plan against volatile exchange rates.

18 July 2023

Company update/cloud

NovoPayment unveils new middleware orchestration layer

NovoPayment, a mission-critical financial and payments infrastructure provider, today released Orchestra 2.0, an advanced cloud-based middleware orchestration layer of its industry-leading BaaS platform. Orchestra is designed to help financial institutions quickly modernize their infrastructure in a more secure, scalable, and cost-effective way.

10 July 2023

News/payments

RTGS.global to pilot cross-border service with banks in Georgia and Tajikistan

RTGS.global has signed pilot agreements with MDO Humo in Tajikistan and Credo Bank in Georgia as a move to run pilots of its settlement service in Central Asia.

07 July 2023

News/markets

CAB Payments raises up to £335m in London listing

British business-to-business cross-border payments firm CAB Payments raised up to £335 million through a listing on the London Stock Exchange.

06 July 2023

Finextra TV/payments

Exploring the Multi-Currency and FX Landscape in Latin America

Speaking at TCF 2023, Rodrigo Silva, SVP Sales, LATAM, Temenos, talks about the progress made so far in the LATAM regarding multi-currency and the need for FX. We hear how far LATAM have come with Open Banking & RTP, and the role of Temenos here.

03 July 2023

News/payments

CAB Payments plans London listing

British business-to-business cross-border payments firm CAB Payments is planning to list on the London Stock Exchange.

08 June 2023

Company update/markets

Citi taps NetDania for charting and data visualisation

NetDania, part of United Fintech, today announced it has been selected by Citi to provide advanced charting and data visualisation on its platform, Velocity 3.0.

06 June 2023

Company update/payments

CLS welcomes first Thai third-party bank to CLSSettlement

CLS, a market infrastructure group delivering settlement, processing and data solutions, announced today that Bangkok Bank Hong Kong Branch (Bangkok Bank) is the first Thai bank to access CLSSettlement as a third-party participant.

31 May 2023

News/markets

BNP Paribas and NatWest go live with CobaltFX Dynamic Credit

BNP Paribas and NatWest are going live with technology from CobaltFX that is designed to simplify and streamline the allocation of credit for FX transactions between banks and improve access to liquidity.

31 May 2023

Company update/crypto

Monoova executes cross-border settlement using Australian dollar CBDC

On Friday, the Reserve Bank of Australia (RBA), in collaboration with the Digital Finance Cooperative Research Centre (DFCRC), held an invitation only conference in Sydney for participants in the Australian Central Bank Digital Currency (CBDC) pilot project.

30 May 2023

Company update/crypto

Canvas demonstrates FX transaction using Australian CBDC

Global fintech CANVAS, today announced a significant milestone in moving towards usable electronic currencies on a global basis, with the first Foreign Exchange transaction using an Australian CBDC.

18 May 2023

Company update/markets

Moolahgo taps ICE Consolidated feed for real-time streaming of FX and crypto data

Moolahgo, a leading FinTech firm specializing in digital payment solutions, is pleased to announce that it is leveraging the ICE Consolidated Feed to enhance Moolahgo’s FX services and innovative payment solutions for its customers.

17 May 2023

Company update/markets

Digitec acquires Modular FX

DIGITEC, the provider of D3, the market-leading Multi-Asset Pricing Engine and the DIGITEC/360T Swaps Data Feed (SDF), today announced the successful acquisition of Modular FX, the specialist provider of electronic trading technology and consulting services.

09 May 2023

Company update/people

GCEX names Saxo's Tilman Schultz head of partnerships

GCEX, a leading digital prime brokerage, has appointed Tilman Schultz as Head of Partnerships to accelerate growth in Europe, in particular for the recently launched XplorDigital trading solutions.

02 May 2023

News/startups

Austrade and SFA launch fintech collaboration initiative

The Singapore Fintech Association (SFA) and Australian Trade and Investment Commission (Austrade) have launched a joint programme to foster fintech innovation in both APAC countries.

28 April 2023

News/markets

T Rowe tests Avalanche blockchain Subnet

T Rowe Price Associates and WisdomTree are among the FS firms testing the Avalanche blockchain for executing FX and interest rate swaps.

13 April 2023

Company update/payments

FXCM unveils new platform and Web app

FXCM Group, LLC (“FXCM Group’ or ‘FXCM’), the leading international provider of online foreign exchange trading, CFD trading and related services, has today launched a new platform and web application which will enable expansion in the coming months.

12 April 2023