CFOtech Asia - Technology news for CFOs & financial decision-makers
Asia

Foreign exchange (Forex) Stories - Page 11

Global Stories

Foreign exchange (Forex) stories

Tariff turmoil drives UK firms to lengthen FX hedges in 2025
EduTech

Tariff turmoil drives UK firms to lengthen FX hedges in 2025

UK firms are extending FX hedge lengths in 2025 amid tariff-driven volatility, benefiting from a weaker US dollar and favourable exchange rates.

By Catherine Knowles • 5 min read • Wed, 28th May 2025
UK firms extend FX hedge lengths as pound rises against USD
Risk & Compliance

UK firms extend FX hedge lengths as pound rises against USD

Amid tariff-driven volatility and a rising pound, 54% of UK firms lengthen FX hedges, securing financial protection amidst shifting market conditions.

By Shannon Williams • 5 min read • Fri, 23rd May 2025
Revolut adds travel cover for Premium, Metal users
Fintech

Revolut adds travel cover for Premium, Metal users

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.

By Kaleah Salmon • 2 min read • Fri, 16th May 2025
Revolut reports record profits in Australia & globally for 2024
Crypto

Revolut reports record profits in Australia & globally for 2024

Revolut reported record 2024 results with AUD $4.4m net profit in Australia and USD $1.0bn globally, driven by surging customers and revenues.

By Sean Mitchell • 4 min read • Fri, 2nd May 2025
Ripple acquires Hidden Road for USD $1.25 billion deal
Crypto

Ripple acquires Hidden Road for USD $1.25 billion deal

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.

By Melania Watson • 3 min read • Wed, 9th Apr 2025
Over 75% of firms faced FX losses without hedging in 2024
EduTech

Over 75% of firms faced FX losses without hedging in 2024

Research by MillTechFX reveals that over 75% of firms faced losses from unhedged foreign exchange risks in 2024, prompting strategic adjustments in hedging.

By Kaleah Salmon • 2 min read • Mon, 24th Feb 2025
Morgan Stanley partners with Wise to boost FX settlements
Financial institutions

Morgan Stanley partners with Wise to boost FX settlements

Morgan Stanley has partnered with Wise to enhance its foreign exchange settlement capabilities, marking a first for an investment bank in this area.

By Kaleah Salmon • 2 min read • Thu, 26th Dec 2024
Kyriba reveals $95 billion currency effect in global liquidity report
Financial results

Kyriba reveals $95 billion currency effect in global liquidity report

Kyriba's Q4 2023 report highlights a $95bn total currency impact on revenues of 1700 public North American and European companies.

By Tom Raynel • 3 min read • Fri, 26th Apr 2024
Paysend expands services with amplified Currencycloud partnership
Fintech

Paysend expands services with amplified Currencycloud partnership

Fintech firms Paysend and Currencycloud expand partnership, aiming to extend Paysend's global services and boost its foreign exchange capabilities, potentially benefiting customers worldwide.

By Sean Mitchell • 3 min read • Thu, 28th Mar 2024
Kyriba's Q3 2023 CIR reveals $30bn FX impact on global firms
Health Technologies

Kyriba's Q3 2023 CIR reveals $30bn FX impact on global firms

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.

By Tom Raynel • 3 min read • Fri, 16th Feb 2024
Business payments outlook in 2024: The four macro trends in APAC
Marketing Technologies

Business payments outlook in 2024: The four macro trends in APAC

Amid a shift towards integrated financial solutions, the Asia-Pacific region's business payment landscape is set for major changes.

By Rohit Narang • 5 min read • Thu, 8th Feb 2024
Universal Partners launches inclusive FX Academy in London
Fintech

Universal Partners launches inclusive FX Academy in London

Universal Partners opens the FX Academy in Canary Wharf, a landmark initiative aimed at diversifying fintech by educating fresh talents without previous experience or qualifications.

By Sean Mitchell • 3 min read • Mon, 29th Jan 2024

Stories from Other Regions

Foreign exchange (Forex) stories

Revolut launches euro accounts for New Zealand customers
Money management

Revolut launches euro accounts for New Zealand customers

Revolut has launched a feature enabling New Zealand customers to open local EUR accounts, enhancing transaction efficiency and currency management.

By Sean Mitchell • 2 min read • Fri, 4th Apr 2025
NTT DATA enhances legal processes with Luminance AI
Digital Transformation

NTT DATA enhances legal processes with Luminance AI

NTT DATA has adopted Luminance's Legal-Grade AI to streamline legal processes across Europe, enhancing contract negotiations and minimising risk.

By Catherine Knowles • 3 min read • Fri, 28th Mar 2025
Airwallex enters New Zealand with innovative payment solutions
Software-as-a-Service

Airwallex enters New Zealand with innovative payment solutions

Airwallex has launched in New Zealand, appointing Lowry Gladwell as its first local hire, aiming to provide Kiwi businesses with innovative payment solutions.

By Sean Mitchell • 3 min read • Thu, 27th Feb 2025
Atlys expands to UK with predictive visa technology
UK expansion

Atlys expands to UK with predictive visa technology

Atlys has launched its predictive visa technology in the UK, aiming to simplify the application process for millions of non-UK passport holders.

By Sean Mitchell • 3 min read • Fri, 7th Feb 2025
Airwallex launches startup support programme in New Zealand
Fintech

Airwallex launches startup support programme in New Zealand

Airwallex has launched its 'Airwallex for Startups' programme in New Zealand, offering resources and a NZD $10,000 grant to support local entrepreneurs.

By Sean Mitchell • 2 min read • Tue, 19th Nov 2024
OpenPayd's annual recurring revenue tops GBP £40 million
Digital Transformation

OpenPayd's annual recurring revenue tops GBP £40 million

OpenPayd doubles growth for the second year, hitting over GBP £40 million ARR, as embedded finance adoption surges. CEO Dimitrova eyes new milestones.

By Melania Watson • 2 min read • Fri, 7th Jun 2024