Foreign exchange companies

MoneyGram Partners with Digital Financial Services to Offer eWallet Services in UAE

Retrieved on: 
Thursday, June 25, 2020
Western Asia, Companies, Geography of Asia, Foreign exchange companies, Etisalat, MoneyGram, Du, United Arab Emirates

"Etisalat, like MoneyGram, has digitized its business to adapt to the increasingly tech-savvy lifestyles of its customers in the UAE," said Grant Lines, Chief Revenue Officer at MoneyGram.

Key Points: 
  • "Etisalat, like MoneyGram, has digitized its business to adapt to the increasingly tech-savvy lifestyles of its customers in the UAE," said Grant Lines, Chief Revenue Officer at MoneyGram.
  • Regulated and licensed by the Central Bank of the UAE, eWallet is a revolutionary digital payment service aimed at empowering UAE residents with safe, convenient and flexible payment solutions through an easy-to-use eWallet mobile app.
  • Commenting on the partnership,Ahmed Al Awadi, Chairman of Digital Financial Services said, "eWallet continues to be an innovative solution that enhances the way UAE residents conduct financial transactions today.
  • Digital Financial Services LLC owns the brand eWallet and is born out of the partnership between Etisalat and Noor Bank.

Western Union Continues to Connect Communities and Economies at a Critical Time

Retrieved on: 
Thursday, June 25, 2020
Banking, Online Retail, Professional services, Health, Philanthropy, Law enforcement, Emergency services, Other Philanthropy, Infectious diseases, Retail, Public policy, Government, Finance, Companies, Hikmet Ersek, Foreign exchange companies, Western Union

The report also highlights Western Unions response and ongoing initiatives surrounding the COVID-19 pandemic and social justice movements across the globe in early 2020.

Key Points: 
  • The report also highlights Western Unions response and ongoing initiatives surrounding the COVID-19 pandemic and social justice movements across the globe in early 2020.
  • It demands that we build unity through ingenuity to create new, lasting solutions for people, businesses, and societies, said Hikmet Ersek, President and CEO, Western Union.
  • The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.
  • With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth.

MoneyGram Partners with Korean Fintech, Global Money Express, to Further Accelerate Digital Growth

Retrieved on: 
Tuesday, June 23, 2020
Economy, Money, Finance, Foreign exchange companies, Payment systems, MoneyGram, Financial services, Financial technology

The partnership enables GME customers to connect to the MoneyGram platform and distribution network in over 200 countries and territories.

Key Points: 
  • The partnership enables GME customers to connect to the MoneyGram platform and distribution network in over 200 countries and territories.
  • The integration will especially benefit consumers who send money from South Korea to China and South Asia.
  • "Partnering with leading fintech companies is a critical component of our strategy to accelerate digital growth," saidKamila Chytil,MoneyGramChief Operating Officer and leader of the company's digital business.
  • About Global Money Express Co., Ltd.
    GME is the first non-bank financial company to be licensed and to operate in Korea.

CMarkets Group Now Offers Social Trading for Easy Adapting to the Crypto World

Retrieved on: 
Tuesday, June 23, 2020
Financial markets, Economy, Finance, Money, Share trading, Foreign exchange companies, Cryptocurrency, Decentralization, Financial technology, Electronic trading platform, Proprietary trading, Legality of bitcoin by country or territory

CMarkets Group is one of the financial trading providers specialized only in cryptocurrencies, which had implemented social trading features into its proprietary trading software.

Key Points: 
  • CMarkets Group is one of the financial trading providers specialized only in cryptocurrencies, which had implemented social trading features into its proprietary trading software.
  • The usage of Social Trading can be leveraged by using the wide range of trading tools available with CMarkets Group .
  • As cryptocurrencies continue to be active instruments, traders all around the world can benefit from the Social Trading feature by CMarkets Group, combined with the other trading tools.
  • CMarkets Group is a cryptocurrency trading platform established in 2019, specialized in providing cutting edge technologies to users all around the world.

More Than 14 Million XRP Deposits Within the First Week of Listing on CoinLoan

Retrieved on: 
Tuesday, June 23, 2020
Money, Economy, Cryptocurrencies, Finance, Digital currencies, Foreign exchange companies, Ripple Labs, Ripple

TALLINN, Estonia, June 23, 2020 /PRNewswire/ -- On the first of June Ripple (XRP) became officially listed on the CoinLoan platform .

Key Points: 
  • TALLINN, Estonia, June 23, 2020 /PRNewswire/ -- On the first of June Ripple (XRP) became officially listed on the CoinLoan platform .
  • Within a week of the listing, users deposited more than 14 million XRP tokens on the platform, making CoinLoan the leading cryptocurrency lending service that uses Ripple according to the company.
  • This is the reason the company considers many XRP holders to choose CoinLoan.
  • There are a couple of reasons CoinLoan believes that XRP holders are choosing their platform to deposit their XRP coins in such volume.

Trustology and GCEX Partner to Build Secure Liquidity Network Backed by Institutional-Grade Custody for OTC Digital Asset Trading

Retrieved on: 
Monday, June 22, 2020
Foreign exchange companies, Saxo Bank, Service companies, Finance, Companies

LONDON, June 22, 2020 /PRNewswire/ --Leading crypto custody solutions provider Trustology has today announced a partnership with FCA-regulated, OTC broker, GCEX , to create a secure liquidity network backed by institutional-grade custody for digital asset trading amongst their client base of institutional investors, ultra-high-net-worth individuals and brokers.

Key Points: 
  • LONDON, June 22, 2020 /PRNewswire/ --Leading crypto custody solutions provider Trustology has today announced a partnership with FCA-regulated, OTC broker, GCEX , to create a secure liquidity network backed by institutional-grade custody for digital asset trading amongst their client base of institutional investors, ultra-high-net-worth individuals and brokers.
  • GCEX is pushing the boundaries of trading innovation, and this strategic partnership with Trustology will not only improve liquidity on exchanges, enabling customers to complete transactions at speed, but with added security improvements and access to secure custody, helping GCEX facilitate a thriving ecosystem of OTC brokers, institutions, and custodians.
  • "We're delighted GCEX selected Trustology as their custody provider," said Alex Batlin, CEO and founder of Trustology.
  • Lars Holst, founder and CEO of GCEX is well-known in traditional financial markets, following stints at Saxo Bank, Dresdner Kleinwort and CurrenEx.

How to open a successful and reliable forex business in the new (post-pandemic) reality

Retrieved on: 
Monday, June 22, 2020
Foreign exchange market, Foreign exchange companies

Even if the forex industry does not experience drastic changes associated with a decrease in revenues, the new reality forces a change in approach to business.

Key Points: 
  • Even if the forex industry does not experience drastic changes associated with a decrease in revenues, the new reality forces a change in approach to business.
  • Many people who planned to open a Forex business had to postpone this decision, or at least rethink the current plan.
  • Although the industry was bypassed by the crisis, some changes are necessary to allow brokers to adapt to the new reality.
  • Because without that you can't run a successful forex business.

FXCM Group Reports Monthly Execution Data

Retrieved on: 
Thursday, June 18, 2020
Foreign exchange companies, FXCM, Financial markets, Service companies, Companies, GAIN Capital

*These highlights come from orders that executed through FXCM Group from 1 May 2020, to 31 May 2020.

Key Points: 
  • *These highlights come from orders that executed through FXCM Group from 1 May 2020, to 31 May 2020.
  • 5This data is compiled forex and CFD trading data from FXCMs Active Traders for 1 May 2020, to 31 May 2020.
  • 6This data is compiled forex and CFD trading data from FXCMs Active Traders for 1 May 2020, to 31 May 2020.
  • Limited , FXCM South Africa (PTY) Ltd , any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the "FXCM Group"], carefully consider your financial situation and experience level.

Citi Enhances FX Execution for Investor Clients with Order Scheduling

Retrieved on: 
Thursday, June 18, 2020
Software, Technology, Professional services, Finance, Foreign exchange companies, Companies, Finance, Citigroup, Midtown Manhattan, Subprime mortgage crisis, Economy of New York City

Previously, clients could only send FX orders manually to the platform for immediate execution.

Key Points: 
  • Previously, clients could only send FX orders manually to the platform for immediate execution.
  • CitiFX Pulse is a platform that was designed for professional traders, in partnership with our clients, said David OByrne, Global Product Head of FX Platforms and Distribution at Citi.
  • This enhancement frees up valuable trading bandwidth for our clients and allows them to tailor execution times to their workflow.
  • Through CitiFX Pulse, clients continue to have access to local market execution across 80 different countries where Citi has an onshore presence, the largest FX footprint of any bank globally.

Orbex Crowned Best Forex Broker 2020

Retrieved on: 
Wednesday, June 17, 2020
Foreign exchange companies, Financial markets, Cyprus Securities and Exchange Commission, Economy of Cyprus, Foreign exchange market, Service companies, Finance

This is the second consecutive "Best Forex Broker" award Orbex has received in the last 2 years, taking home the same title at the Global Business Outlook financial award ceremony in 2019.

Key Points: 
  • This is the second consecutive "Best Forex Broker" award Orbex has received in the last 2 years, taking home the same title at the Global Business Outlook financial award ceremony in 2019.
  • This award has been added to the impressive list of titles Orbex has obtained over the years, including "Best Trading Education Provider", "Best Analysis Provider" and "Best FX Forecast & Strategy Provider", in keeping with the company's philosophy of promoting an informed and responsible approach to the forex markets.
  • Orbex Limited is an award-winning global forex broker, fully licensed and regulated by CySEC.
  • With a focus on research, analysis and enhanced security of client funds, Orbex upholds a reputation of seasoned expertise within the industry.