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Foreign exchange (Forex) stories

Businesses overpay on cross-border payments, PayDo says
Fintech

Businesses overpay on cross-border payments, PayDo says

Half of firms may be losing up to 20% on international transfers, with fragmented provider setups driving extra fees and slower settlement.

By Sofiah Nichole Salivio • 3 min read • Yesterday
BitGo Prime adds Virtu Financial to liquidity network
Crypto

BitGo Prime adds Virtu Financial to liquidity network

Institutions can now access Virtu Financial pricing via BitGo Prime without separate onboarding, while assets stay in regulated custody.

By Karen Joy Bacudo • 4 min read • 3 days ago
Darwinex launches TradingView account for active traders
Data Analytics

Darwinex launches TradingView account for active traders

Existing Darwinex clients can keep their track records, while newcomers start afresh as the broker widens access to investor capital via TradingView.

By Karen Joy Bacudo • 3 min read • 3 days ago
North American firms delay investment on policy uncertainty
Manufacturing

North American firms delay investment on policy uncertainty

Policy uncertainty is forcing 90% of North American corporates to delay investment, as US dollar swings reshape hedging and supply chains.

By Karen Joy Bacudo • 4 min read • Last week
Modulr appoints Jakub Zmuda & Mark Buitenhek for Europe
Fintech

Modulr appoints Jakub Zmuda & Mark Buitenhek for Europe

The payments firm is strengthening its European governance as it targets further growth across the region after reaching profitability last year.

By Sofiah Nichole Salivio • 3 min read • Last week
Flex raises USD $70 million as it launches UK service
Software-as-a-Service

Flex raises USD $70 million as it launches UK service

The new capital will fund Flex's overseas expansion after annualised revenue tripled and its valuation more than doubled to USD $1.2 billion.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Mangopay expands Virtual Accounts to 24 currencies
Fintech

Mangopay expands Virtual Accounts to 24 currencies

Platforms handling cross-border collections can now reconcile payments in 24 currencies, as Mangopay widens Virtual Accounts support from seven.

By Karen Joy Bacudo • 3 min read • This month
PayPal USD launches on Polygon for cross-border payments
Crypto

PayPal USD launches on Polygon for cross-border payments

Businesses using Polygon can now settle overseas payments in PYUSD with fewer integrations, as stablecoin use shifts into mainstream finance.

By Karen Joy Bacudo • 4 min read • This month
Hyundai tests stablecoin remittance between US & Mexico
Crypto

Hyundai tests stablecoin remittance between US & Mexico

The trial cut an internal dollar transfer between Hyundai units in the US and Mexico to seven minutes, far faster than bank rails.

By Karen Joy Bacudo • 4 min read • This month
Flix expands Klarna payments across 21 US & Europe markets
Fintech

Flix expands Klarna payments across 21 US & Europe markets

Travellers on Flix services in 21 markets can now spread ticket costs over time as Klarna rolls out across Europe and the US.

By Karen Joy Bacudo • 4 min read • This month
Damisa appoints Nick Watkins as Chairman ahead of raise
Fintech

Damisa appoints Nick Watkins as Chairman ahead of raise

The cross-border payments company is seeking stronger governance and operational depth as it readies a Series A fundraising round.

By Sofiah Nichole Salivio • 3 min read • This month

Stories from Other Regions

Foreign exchange (Forex) stories

Revolut launches Australian bank after licence win
Digital Transformation

Revolut launches Australian bank after licence win

Australia-based customers will soon get savings accounts and a credit card as Revolut commits nearly AUD $400 million to its local banking push.

By Karen Joy Bacudo • 4 min read • 2 days ago
Bank of England says tokenisation could speed payments
Crypto

Bank of England says tokenisation could speed payments

Cross-border transfers and everyday checkout payments could become quicker and cheaper if digital records of assets are widely adopted.

By Karen Joy Bacudo • 4 min read • 3 days ago
Vield adopts Integral tech to automate crypto hedging
Fintech

Vield adopts Integral tech to automate crypto hedging

As Australia tightens oversight of digital asset firms, the lender is moving to automated hedging to manage crypto and currency risk around the clock.

By Karen Joy Bacudo • 4 min read • 3 days ago
Japanese finance chiefs slow to tackle currency shocks
Fintech

Japanese finance chiefs slow to tackle currency shocks

Delays of up to a week are leaving many Japanese firms exposed as yen swings and higher rates have already hit profits, a survey found.

By Karen Joy Bacudo • 4 min read • Last week
Lorum appoints Hartwig Gerhartinger as legal chief
Fintech

Lorum appoints Hartwig Gerhartinger as legal chief

The hire comes as the financial infrastructure group reports 15x growth and pursues a US trust bank charter to strengthen oversight.

By Sofiah Nichole Salivio • 3 min read • This month
Siam Commercial Bank joins Citi's 24/7 USD clearing
Fintech

Siam Commercial Bank joins Citi's 24/7 USD clearing

Thai corporates can now move US dollars round the clock after The Siam Commercial Bank became Citi's first client for a combined tokenised clearing service.

By Karen Joy Bacudo • 4 min read • This month
Lorum appoints Hartwig Gerhartinger as legal chief
Fintech

Lorum appoints Hartwig Gerhartinger as legal chief

The hire underscores Lorum's push to win clients that need stronger regulatory assurance as it seeks a US trust bank charter.

By Sofiah Nichole Salivio • 4 min read • This month