Foreign exchange (Forex) Stories

Asian Stories

Foreign exchange (Forex) stories

Japanese finance chiefs slow to tackle currency shocks

Delays of up to a week are leaving many Japanese firms exposed as yen swings and higher rates have already hit profits, a survey found.

By Karen Joy Bacudo • 4 min read • Last week

Fintech

Siam Commercial Bank joins Citi's 24/7 USD clearing

Thai corporates can now move US dollars round the clock after The Siam Commercial Bank became Citi's first client for a combined tokenised clearing service.

By Karen Joy Bacudo • 4 min read • This month

Global Stories

Foreign exchange (Forex) stories

Manufacturing

North American firms delay investment on policy uncertainty

Policy uncertainty is forcing 90% of North American corporates to delay investment, as US dollar swings reshape hedging and supply chains.

By Karen Joy Bacudo • 4 min read • Last week

Fintech

Modulr appoints Jakub Zmuda & Mark Buitenhek for Europe

The payments firm is strengthening its European governance as it targets further growth across the region after reaching profitability last year.

By Sofiah Nichole Salivio • 3 min read • 3 days ago

Software-as-a-Service

Flex raises USD $70 million as it launches UK service

The new capital will fund Flex's overseas expansion after annualised revenue tripled and its valuation more than doubled to USD $1.2 billion.

By Joseph Gabriel Lagonsin • 4 min read • Last week

Fintech

Mangopay expands Virtual Accounts to 24 currencies

Platforms handling cross-border collections can now reconcile payments in 24 currencies, as Mangopay widens Virtual Accounts support from seven.

By Karen Joy Bacudo • 3 min read • This month

Crypto

PayPal USD launches on Polygon for cross-border payments

Businesses using Polygon can now settle overseas payments in PYUSD with fewer integrations, as stablecoin use shifts into mainstream finance.

By Karen Joy Bacudo • 4 min read • This month

Crypto

Hyundai tests stablecoin remittance between US & Mexico

The trial cut an internal dollar transfer between Hyundai units in the US and Mexico to seven minutes, far faster than bank rails.

By Karen Joy Bacudo • 4 min read • This month

Fintech

Flix expands Klarna payments across 21 US & Europe markets

Travellers on Flix services in 21 markets can now spread ticket costs over time as Klarna rolls out across Europe and the US.

By Karen Joy Bacudo • 4 min read • This month

Fintech

Damisa appoints Nick Watkins as Chairman ahead of raise

The cross-border payments company is seeking stronger governance and operational depth as it readies a Series A fundraising round.

By Sofiah Nichole Salivio • 3 min read • This month

Crypto

Standard Chartered tests digital asset prime brokerage

The pilot could make institutional bitcoin and ether trading easier by adding bank balance sheet support, credit intermediation and T+1 settlement.

By Karen Joy Bacudo • 4 min read • This month

Crypto

Robinhood launches chain & stock tokens in 120 countries

The launch broadens access to tokenised shares and round-the-clock trading as the platform pushes deeper into DeFi outside the US.

By Sofiah Nichole Salivio • 4 min read • This month

Fintech

J.P. Morgan adds five Asia-Pacific currencies to Kinexys

Asia-Pacific treasurers can now move funds around the clock as J.P. Morgan expands blockchain settlement to eight currencies, including yen and renminbi.

By Karen Joy Bacudo • 4 min read • This month