In a statement released on Friday, the foreign-exchange trading arm of the People’s Bank of China stated that the central bank has tweaked the mechanism for setting the yuan’s daily official value to prevent the currency from falling too sharply. In order to do so, according to the statement, the...
The dollar index against a basket of six major currencies was changed as little as 96.126 after losing 0.55% on Friday. Escalating trade tensions between the US and its trade partners, along with a major decline in the Turkish lira, has taken a heavy toll on emerging market currencies. These strains...
Aims to stop UK SMEs from being burned on international transfer fees Small and medium-sized businesses can hope to reduce the fee on every foreign transaction by up to 96% thanks to a new service by WhichFX. Dubbed the world’s first live forex broker comparison site, WhichFX is eliminating the...
Forex transfer firm claims it can beat the rates of competitors UK-based money transfer brand, Imperial FX, have announced that they are now transferring funds into the Polish market, and can beat the rates of many other money transfer firms. The announcement comes after they have proven themselves to be a...
Peer-to-peer currency exchange for corporates and individuals ropes in Charlotte Crosswell Peer-to-peer currency exchange for corporates and individuals, freemarketFX has appointed Charlotte Crosswell to its Board as a non-Executive Director. From 2013-2016 Charlotte Crosswell was CEO of Nasdaq NLX and on the Board of the LCH Limited. With significant management and...
French bank will pay a fine of $246 million BNP Paribas announced a settlement with the Board of Governors of the Federal Reserve System (“FRB”) relating to past misconduct in its foreign exchange business. Under this settlement with the FRB, BNP Paribas will pay a fine of USD 246 million (approximately...
Emphasises commitment to moving to the new era of banking and fintech Profile Software, the leading financial solutions provider, has acquired Login SA, an international Treasury specialised provider. The transaction was agreed with the acquisition of the majority of the shares on July 6, 2017, and will conclude in 2018. Founded...
Conotoxia, Inc. continues to expand its state licensing initiatives and has received regulatory authorisation “We are excited about the progress and expansion efforts we are making in North America. Securing mandatory state regulatory approval is the most critical step in launching the US business. We are looking forward to offering...
Cinkciarz stated that not only it’s the most translated financial app in the world, but also the most universal app for currency exchange in history Cinkciarz shows its commitment to increasing user accessibility by expanding from 3 languages (715 million potential users) to 35 languages (over 3 billion potential users)....
The blockchain-based platform for the creation, facilitation and management of branded currencies announces the first two branded token offerings for sale in June Leondrino Exchange, a currency management as a service provider with a blockchain-based platform and marketplace for organizations to issue their own private, branded currencies, announces the first...