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Foreign exchange (Forex) stories

Revolut wins US bank approval in key expansion step
Crypto

Revolut wins US bank approval in key expansion step

Conditional approval from US regulators brings Revolut closer to offering loans, cards and FDIC-insured deposits to American customers by 2027.

By Karen Joy Bacudo • 4 min read • Last week
OpenPayd links with Circle for faster cross-border fiat
Fintech

OpenPayd links with Circle for faster cross-border fiat

Businesses using OpenPayd can now settle cross-border transfers in seconds while keeping payments in fiat and avoiding blockchain complexity.

By Karen Joy Bacudo • 4 min read • Last month
WasabiCard expands payout service to 30 fiat currencies
Fintech

WasabiCard expands payout service to 30 fiat currencies

Businesses can now send payroll and supplier payments in more than 30 currencies, as the Singapore-based firm broadens cross-border reach.

By Karen Joy Bacudo • 3 min read • Last month
Allure Security uncovers 2,200 phantom bank domains
Fintech

Allure Security uncovers 2,200 phantom bank domains

Hundreds of users could be exposed to fake banking portals built from a low-cost template, as researchers linked 2,200 suspect domains.

By Sean Mitchell • 5 min read • Last month
Ant International launches FalconTST 2.0 for banks
Fintech

Ant International launches FalconTST 2.0 for banks

Barclays, Citi, Deutsche Bank and Standard Chartered are using the model to improve cash-flow and FX forecasts, with accuracy above 93%.

By Karen Joy Bacudo • 4 min read • Last month
Eskimo adds stablecoin payments for travel eSIM plans
Fintech

Eskimo adds stablecoin payments for travel eSIM plans

Travellers buying eSIM data in 175 countries can now pay with stablecoins as Eskimo seeks faster checkout and wider payment choice.

By Karen Joy Bacudo • 4 min read • Last month
Citi launches Custody+ for near-real-time services
Data Analytics

Citi launches Custody+ for near-real-time services

Institutional clients gain faster settlement and cash visibility as Citi completes its US rollout of Single Event Processing.

By Karen Joy Bacudo • 4 min read • Last month
North American fund managers boost currency hedging
Digital Transformation

North American fund managers boost currency hedging

Losses from unhedged foreign exchange exposure have pushed almost all North American fund managers to hedge forecastable currency risk.

By Karen Joy Bacudo • 4 min read • Last month
Global crypto app usage falls 40% as stablecoins hold
Crypto

Global crypto app usage falls 40% as stablecoins hold

Stablecoin-led demand is helping some markets hold up, even as retail speculation has driven a near 40% drop in crypto app usage worldwide.

By Sofiah Nichole Salivio • 3 min read • Last month

Stories from Other Regions

Foreign exchange (Forex) stories

Toshiba Australia profit falls as revenue & cash drop
Supply Chain

Toshiba Australia profit falls as revenue & cash drop

Weaker revenue and cash generation drove Toshiba Australia's annual profit down to AUD $1.529 million, despite steady pretax earnings.

By Karen Joy Bacudo • 5 min read • Last week
Sony New Zealand profit falls as revenue slips to NZD $53m
Risk & Compliance

Sony New Zealand profit falls as revenue slips to NZD $53m

Weaker sales and a higher tax charge halved Sony New Zealand's annual profit as operating cash flow also dropped sharply.

By Karen Joy Bacudo • 4 min read • Last week
Revolut Bank Australia launches 5.50% savings rate
Fintech

Revolut Bank Australia launches 5.50% savings rate

New customers can earn an introductory 5.50% savings rate for three months on balances up to AUD $100,000 without deposit or card-spend conditions.

By Sean Mitchell • 4 min read • Last month
Finance infrastructure, the silent growth constraint
Fintech

Finance infrastructure, the silent growth constraint

Slow financial systems can drain founders' time and cash, as hidden FX fees and compliance gaps emerge before growth plans do.

By Jonathan Low • 4 min read • Last month
Asian corporates embrace AI & embedded FX services
Software-as-a-Service

Asian corporates embrace AI & embedded FX services

Asian firms want faster FX hedging, but weak bank API links could slow automation in treasury systems despite rising AI adoption.

By Karen Joy Bacudo • 4 min read • Last month
RBC creates unified global transaction banking unit
Fintech

RBC creates unified global transaction banking unit

The reorganisation is meant to deepen corporate relationships and support RBC's push for more operating deposits and fee income.

By Karen Joy Bacudo • 3 min read • Last month
Sooho.io & Partior link up on cross-border payments
Fintech

Sooho.io & Partior link up on cross-border payments

Korean banks could cut costs and delays on overseas transfers as the firms connect domestic payment infrastructure to live settlement rails.

By Karen Joy Bacudo • 4 min read • Last month
TerraPay ties up with Deutsche Bank on cross-border pay
Fintech

TerraPay ties up with Deutsche Bank on cross-border pay

The partnership is set to improve US dollar settlement speed and reliability for international transfers, cutting costs for customers.

By Mark Tarre • 3 min read • Last month
Macropod's AUDM lands on LMAX for institutional use
Fintech

Macropod's AUDM lands on LMAX for institutional use

Institutional clients in more than 100 countries can now trade an Australian dollar stablecoin as Macropod broadens AUDM beyond retail venues.

By Karen Joy Bacudo • 4 min read • Last month