WorldFirst’s multi-currency platform puts UK SMEs world in their hands

WorldFirst logo

WorldFirst, an international payments business, has unveiled its new World Account platform for UK corporate customers, providing a range of international banking services to SMEs trading overseas who find it difficult to access through traditional banks.

ATB Financial live on Murex treasury and capital markets tech

O Canada indeed!

Canada’s ATB Financial has gone live with a new treasury and capital markets (TCM) solution, MX.3, supplied by Murex. The solution is delivered on a Software-as-a-Service (SaaS) basis.

Analysis: the trend toward best practice in institutional FX settlement

Marisa Kurk, Mesirow Financial Currency Management

Marisa Kurk, senior managing director and COO of Mesirow Financial Currency Management group, explores best practices in foreign exchange (FX) settlement.

Kantox pulls in $6m from existing investors

Philippe Gelis, Kantox

Currency and risk management solutions company Kantox recently reeled in $6 million in funding.

BNP Paribas fined $246m for FX misdemeanours

BNP Paribas

BNP Paribas has been hit with a $246 million fine by the US Federal Reserve System relating to past misconduct in its foreign exchange (FX) business. The Paris-based bank says it will pay the fine and has settled Federal Reserve allegations that it failed to keep its FX traders from using electronic chatrooms to manipulate […]

Azerbaijan adopts Bloomberg auction platform for FX

Azerbaijan flag

The Central Bank of Azerbaijan has chosen to conduct its auctions for foreign exchange (FX) instruments and deposits through Bloomberg’s auction platform. The platform manages primary market operations, and has been recently extended to include FX instruments (spot and outright) and deposits, in addition to its pre-existing suite of fixed income and repo products. Ali […]

Circle rounds on rivals with free cross-border payments

circle 1

Payments services provider Circle is offering its customers in the US, UK and Europe the ability to send and receive money across borders with no fees and no mark-up on foreign exchange (FX) rates. The firm says it is “just like sending email or sharing photos” – meaning it’s “free and instant”. There will be […]

Revolut launches multi-currency service across Europe

Revolut 1

UK-based payments start-up Revolut has unveiled its new business service across Europe for multi-currency accounts, transferring money and corporate cards. Called Revolut for Business, it will enable companies to hold, exchange and transfer in 25 currencies with the interbank exchange rate, issue employees with corporate cards for “global fee-free spending” and manage their transactional activity […]

Fintech funding round-up: 8 June 2017

Funding concept with smartphone

It felt like only yesterday (7 June) that we published a fintech funding round-up. In fact, we did. But this latest version features Kasikornbank, Lmrkts, International Finance Corporation and Entersekt. Kasikornbank (Kbank), one of the largest banks in Thailand, has launched its “Beacon Venture Capital” investment unit with $30 million on hand to support start-ups […]

Bank for International Settlements unveils code for special FX

Bank for International Settlements HQ, Basel. Image source: Taxiarchos228, Wikimedia Commons

The Bank for International Settlements (BIS) has unveiled its FX Global Code, a set of global principles promoting good practice in the foreign exchange (FX) market. The code has been developed by a partnership of central banks and market participants from 16 jurisdictions for “integrity and effective functioning”. Many organisations are welcoming the code, such […]