Small corporates and not-for-profit organisations are increasingly looking at peer-to-peer FX as a way to lower costs. Euromoney speaks to four customers who have taken their business away from banks.
Neil Melville-Rae will be riding his Penny Farthing from Marble Arch in London (departing Monday 18 July) to the Arc de Triomphe in Paris arriving just ahead of the Tour de France to raise money for charity. He is being sponsored by freemarketFX.
We’ve not even scratched the surface of FinTech’s true potential – and banks will struggle to keep up.
Transparency clearly isn’t in a bank’s economic interests, writes Alex Hunn, founder and chief executive of freemarketFX.
Rich Ricci, the former head of investment banking at Barclays Plc and one of ex-Chief Executive Officer Robert Diamond’s top lieutenants, has joined a London-based foreign exchange trading platform as chairman.
Ex-Chief of Barclays Investment Rich Ricci will help to oversee growth plans at freemarketFX, which matches currency trading requirements of companies and consumers.
Rich Ricci has been appointed as chairman of startup currency exchange freemarketFX, taking his second new job of the year.
The world’s top banks and insurers are seeing their business models challenged by FinTech start-ups, which are reshaping what consumers and businesses expect from using digital technologies.
freemarketFX operates a peer-to-peer currency exchange for corporates and individuals, running daily scheduled currency crosses over a proprietary marketplace platform for a fixed 0.2% commission.
The world’s hungriest entrepreneurial and tech talent are in the vanguard of a financial insurgency – and investors are backing them.