Latest Foreign exchange News: Finextra Research

Company update/people

Freemarket names Greg Sherwin CTO

London-based fintech Freemarket, a trusted partner to global small and medium enterprises for international payments and foreign exchange, today announced it has appointed Greg Sherwin as Chief Technology Officer.

29 March 2023

News/markets

United Fintech splits Cobalt into separate FX and digital asset ventures

Following its recent acquisition by United Fintech, Cobalt is relaunching as CobaltFX and spinning off its digital asset business to a new venture on the same platform.

28 March 2023

Company update/markets

Citi consolidates eFX trading platforms into Velocity 3.0

CitiFX has consolidated its portfolio of eFX trading platforms for corporate and professional investor clients.

23 February 2023

Company update/markets

Tradefeedr releases FX Algo Forecasting Suite

Tradefeedr, the leading independent FX Data Analytics Platform, today released its Algo Forecasting Suite, a collection of pre- and post-trade tools for clients to analyse and select the most appropriate FX execution algos.

20 February 2023

Company update/payments

HSBC rolls out multicurrency payment platform for Kong Kong e-commerce merchants

HSBC today unveiled a new one-stop digital payment solution for small-and-medium enterprises (SMEs) in Hong Kong. Called HSBC Merchant Box, the solution simplifies international payments across regional and global eCommerce platforms for SMEs and makes it possible to ‘receive like a local’ at real-time exchange rates.

09 February 2023

News/payments

Standard Chartered and Allinpay partnership enables cross-border QR payments

Standard Chartered Bank and Singaporean company Allinpay have enabled PayNow instant cross-border payments for merchants and businesses in Hong Kong using QR codes.

09 February 2023

News/crypto

Banque de France, HSBC, IBM test interoperability of wholesale CBDC

Following experiments demonstrating that DLT can be used with existing networks to complete CBDC financial transactions in real-time, Banque de France, HSBC and IBM have published a paper exploring their key findings.

16 December 2022

Company update/payments

Airwallex partners with TripActions for expenses

Global fintech Airwallex is pleased to announce that it has been chosen by TripActions as the partner of choice for its global cross-border payments and FX needs to support TripActions Liquid, its corporate card and expense management solution.

16 December 2022

News/crypto

United Fintech buys FX and digital assets specialist Cobalt

United Fintech, an outfit dedicated to scooping up a stable of capital markets fintechs, has acquired Cobalt, a provider of risk and data services to the FX and digital asset markets. Terms were not disclosed.

15 December 2022

Company update/wholesale

MUFG becomes first Japanese bank to commit to CLSNet

CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that MUFG Bank is the first Japanese bank to commit to using CLSNet, CLS’s bilateral payment netting calculation service for over 120 currencies.

01 December 2022

Company update/payments

Moneycorp partners with BankClarity for cross-border STP

Moneycorp, the global foreign exchange and payments provider with over £38bn of trades across 120 currencies, has implemented an API and distribution agreement with BankClarity, the leading banking technology provider to non-bank financial institutions.

25 November 2022

Company update/payments

HSBC and Wells Fargo expand DLT solution to include offshore Yuan

HSBC Bank and Wells Fargo & Company (NYSE: WFC) today announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore Yuan (CNH).

18 November 2022

Company update/crypto

LMAX Group expands tech infrastructure in APAC

LMAX Group, the leading operator of institutional exchanges for trading FX and digital assets, is expanding its global technology infrastructure in Asia Pacific following the launch of a matching engine in the Equinix IBX Data Centre in Singapore (SG1).

18 November 2022

Company update/wholesale

London Chamber of Commerce and DKK Partners collaborate on FX services

DKK Partners, an emerging markets (EM) foreign exchange (FX) liquidity provider, has joined the London Chamber of Commerce & Industry (LCCI) following a record year of growth.

07 November 2022

News/crypto

BIS and three central banks to test cross-border CBDCs using DeFi protocols

The Bank for Inernational Settlements is working with three central banks to explore cross-border CBDC trading and settlement using DeFi protocols.

03 November 2022

Company update/startups

Peer-to-Peer foreign exchange trading venue LoopFX moves into pilot phase

LoopFX, the technology company revolutionising the Peer-To-Peer FX spot market, announces today it will launch its pilot phase in December 2022.

01 November 2022

Company update/wholesale

First Abu Dhabi Bank and UBS go-live on CLSNet

CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that First Abu Dhabi Bank (FAB) and UBS have gone live on CLS’s bilateral payment netting calculation service for over 120 currencies – CLSNet.

31 October 2022

News/crypto

DBS goes live on SGX unit's crypto platform; launches programmable money pilot

DBS has become the first bank to go live on a new digital asset trading platform from Singapore Exchange unit MaxxTrader.

31 October 2022

News/payments

BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

The Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies (CBDCs) by commercial banks for foreign exchange transactions across borders, as part of Project mBridge.

26 October 2022

Company update/payments

WireFX and Stearns Bank join forces to serve fintechs

WireFX, a Minnesota based fintech startup and Stearns Bank N.A. (“Stearns Bank”), an independently-owned financial institution with locations in Minnesota, Florida and Arizona announce their partnership to support fintech and payment companies with FDIC insured bank accounts.

25 October 2022