Foreign exchange (Forex) stories
SentBe rides the wave of Singapore’s foreign resident boom
Last week
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fintech
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monetary authority of singapore
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forex
SentBe is the first Korean fintech to win Singapore's Cross-border Remittance Licence amid rising demand from growing expatriate communities.
Aussies slammed with hidden fees while using bank cards abroad
Last week
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fintech
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forex
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gen z
New research reveals 78% of Aussie travellers face hidden bank card fees abroad, with charges costing some up to AUD $4,000 annually on holidays.
Velocity secures USD $10M to build stablecoin platform
Last week
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fintech
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blockchain
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payment technologies
Velocity raises USD $10 million in pre-seed funding to build a stablecoin platform, aiming to simplify cross-border payments for enterprises.
Tariff turmoil drives UK firms to lengthen FX hedges in 2025
Last week
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edutech
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risk & compliance
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strategy
UK firms are extending FX hedge lengths in 2025 amid tariff-driven volatility, benefiting from a weaker US dollar and favourable exchange rates.
UK firms extend FX hedge lengths as pound rises against USD
Last month
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risk & compliance
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forex
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finance
Amid tariff-driven volatility and a rising pound, 54% of UK firms lengthen FX hedges, securing financial protection amidst shifting market conditions.
Revolut adds travel cover for Premium, Metal users
Last month
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fintech
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chubb
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forex
Revolut has launched travel insurance for Premium and Metal users in Australia and New Zealand, partnering with Chubb to enhance travel benefits locally and abroad.
Revolut reports record profits in Australia & globally for 2024
Last month
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fintech
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cx
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blockchain
Revolut reported record 2024 results with AUD $4.4m net profit in Australia and USD $1.0bn globally, driven by surging customers and revenues.
Ripple acquires Hidden Road for USD $1.25 billion deal
Wed, 9th Apr 2025
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blockchain
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cryptocurrency
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financial institutions
Ripple has announced the acquisition of Hidden Road for USD $1.25 billion, making it the first crypto firm to manage a global multi-asset prime broker.
Revolut launches euro accounts for New Zealand customers
Fri, 4th Apr 2025
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money management
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forex
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savings
Revolut has launched a feature enabling New Zealand customers to open local EUR accounts, enhancing transaction efficiency and currency management.
NTT DATA enhances legal processes with Luminance AI
Fri, 28th Mar 2025
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digital transformation
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partner programmes
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risk & compliance
NTT DATA has adopted Luminance's Legal-Grade AI to streamline legal processes across Europe, enhancing contract negotiations and minimising risk.
Airwallex enters New Zealand with innovative payment solutions
Thu, 27th Feb 2025
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saas
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ecommerce
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auror
Airwallex has launched in New Zealand, appointing Lowry Gladwell as its first local hire, aiming to provide Kiwi businesses with innovative payment solutions.
Over 75% of firms faced FX losses without hedging in 2024
Mon, 24th Feb 2025
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edutech
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risk & compliance
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research
Research by MillTechFX reveals that over 75% of firms faced losses from unhedged foreign exchange risks in 2024, prompting strategic adjustments in hedging.
Atlys expands to UK with predictive visa technology
Fri, 7th Feb 2025
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uk expansion
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forex
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automation
Atlys has launched its predictive visa technology in the UK, aiming to simplify the application process for millions of non-UK passport holders.
Morgan Stanley partners with Wise to boost FX settlements
Thu, 26th Dec 2024
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financial institutions
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forex
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wise
Morgan Stanley has partnered with Wise to enhance its foreign exchange settlement capabilities, marking a first for an investment bank in this area.
Airwallex launches startup support programme in New Zealand
Tue, 19th Nov 2024
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fintech
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creative hq
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nzd
Airwallex has launched its 'Airwallex for Startups' programme in New Zealand, offering resources and a NZD $10,000 grant to support local entrepreneurs.
OpenPayd's annual recurring revenue tops GBP £40 million
Fri, 7th Jun 2024
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digital transformation
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fintech
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cx
OpenPayd doubles growth for the second year, hitting over GBP £40 million ARR, as embedded finance adoption surges. CEO Dimitrova eyes new milestones.
Kyriba reveals $95 billion currency effect in global liquidity report
Fri, 26th Apr 2024
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financial results
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report
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forex
Kyriba's Q4 2023 report highlights a $95bn total currency impact on revenues of 1700 public North American and European companies.
Paysend expands services with amplified Currencycloud partnership
Thu, 28th Mar 2024
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fintech
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swift
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forex
Fintech firms Paysend and Currencycloud expand partnership, aiming to extend Paysend's global services and boost its foreign exchange capabilities, potentially benefiting customers worldwide.
Kyriba's Q3 2023 CIR reveals $30bn FX impact on global firms
Fri, 16th Feb 2024
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healthtech
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financial results
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forex
Kyriba's latest CIR unveils a $30bn FX impact on 1,200 multinational firms in Q3 2023, highlighting FX's influence on revenues and cash flows.
Business payments outlook in 2024: The four macro trends in APAC
Thu, 8th Feb 2024
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martech
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commerce systems
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payment technologies
Amid a shift towards integrated financial solutions, the Asia-Pacific region's business payment landscape is set for major changes.