TechDay New Zealand - Aotearoa's technology news network

Foreign exchange (Forex) stories

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.