Foreign Exchange news and trends

JPMorgan to Integrate On-Chain FX Settlement into Kinexys Blockchain Platform

November 06, 2024
BofA: CFOs and Treasurers Need New Approach to Liquidity Amid Interest Rate Volatility
CFO // October 30, 2024

Despite the interest rate cuts by the Federal Reserve — 0.5% for the first go-round in September, with more cuts widely expected — the fact remains that the era of low interest rates is, arguably, over. One mainstay? Volatility will be a hallmark of interest...

Bank of America Extends FX Rate Guarantee for Year
Cross-border Payments // October 21, 2024

Bank of America now allows companies to lock in foreign exchange (FX) rates for up to one year. The Guaranteed FX Rates offering simplifies the management of FX risk associated with cross-border payments and receipts, mitigates exposure to currency fluctuations and simplifies treasury management processes,...

How to Navigate Cross-Border Payments With CFOs and Treasurers in Mind
Cross-border Payments // October 15, 2024

Cross-border payments are the lifeblood of international business — but for finance teams, they often come with a side of risk and complexity. As the world shrinks and global markets open up, the hurdles for CFOs and treasurers are growing, with solving for cross-border payments...

Deutsche Bank Debuts Correspondent Banking Solution dbX
Banking // October 14, 2024

Deutsche Bank has debuted a suite of correspondent banking solutions for its clients. Announced Monday (Oct. 14) by the banking giant’s institutional cash and trade arm, dbX is designed to give “financial institutions new and enhanced functions to better leverage its global network in a fully...

Interviews & Exclusives
BofA: CFOs and Treasurers Need New Approach to Liquidity Amid Interest Rate Volatility

October 30, 2024
Despite the interest rate cuts by the Federal Reserve — 0.5% for the first go-round in September, with more cuts widely expected — the fact remains that the era of low interest rates is, arguably, over. One mainstay? Volatility will be a hallmark of interest rates in the weeks, months and years to come. Adrienne […]

How to Navigate Cross-Border Payments With CFOs and Treasurers in Mind

October 15, 2024
Cross-border payments are the lifeblood of international business — but for finance teams, they often come with a side of risk and complexity. As the world shrinks and global markets...

Travelex CEO Says Travelers Getting Smarter About Managing FX Risks

March 07, 2024
The travel industry is on a strong rebound post-pandemic, experiencing a notable resurgence in activity and revenue. And despite the rise of digital payments methods, Richard Wazacz, CEO at foreign exchange...

Multicurrency Corporate Cards Help Safeguard Firms Against Losses in Volatile FX Market

January 25, 2024
Corporate card usage has surged in popularity, especially among small- to medium-sized businesses (SMBs) grappling with inflationary pressures and rising costs.  However, despite this trend, the traditional financial services sector...

Quick Reads
JPMorgan to Integrate On-Chain FX Settlement into Kinexys Blockchain Platform

November 06, 2024
J.P. Morgan has announced a significant enhancement to its blockchain platform, recently rebranded from Onyx to Kinexys. The bank will integrate Kinexys Digital Payments with J.P. Morgan FX Services, enabling on-chain FX settlement. This move positions Kinexys as a key player in the landscape of digital cross-border payments and foreign exchange. Initially supporting USD and […]

Bank of America Extends FX Rate Guarantee for Year

October 21, 2024
Bank of America now allows companies to lock in foreign exchange (FX) rates for up to one year. The Guaranteed FX Rates offering simplifies the management of FX risk associated...

Deutsche Bank Debuts Correspondent Banking Solution dbX

October 14, 2024
Deutsche Bank has debuted a suite of correspondent banking solutions for its clients. Announced Monday (Oct. 14) by the banking giant’s institutional cash and trade arm, dbX is designed to give...

Visa and CARD91 Partner to Bring Platform-as-a-Service Forex Cards to Issuers

October 04, 2024
Visa and CARD91 have partnered to enable regulated entities to issue Forex Cards on the Visa network. This collaboration brings together Visa’s digital payments network and CARD91’s issuance platform-as-a-service solutions to...