Blog

Making your money work harder in 2016

Making your money work harder in 2016

Many businesses are thinking about what 2016 will bring in terms of profit, growth and indeed success. Thus, it is as good a time as any to review financial practices, including foreign transactions. Here are five questions that are worth asking when considering your options.

A time to think about tradition - and resolution

A time to think about tradition – and resolution

Tis the season, as we all know. A time for trees and tinsel, crackers and cranberries, when we repeat habits learned in our childhoods and play them back to our own children. Thus, old themes are remembered from the past, assuring their continuity into the future.

Currency brokers and credit lines

Currency brokers and credit lines

Some models appear right because they’ve always been there – such as the use of currency brokers – but it’s worth reviewing exactly why they exist.

Barclays' PingIt: An isolated example of bank innovation?

Barclays’ PingIt: An isolated example of bank innovation?

The finance industry is all about technology, now more than ever. After all, without computers the industry wouldn’t exist. However, banks using technology doesn’t necessarily equate to them keeping pace with innovation.

What's making currency accounts so difficult?

What’s making currency accounts so difficult?

What’s the deal with currency accounts? Businesses often have to make use of foreign currency – whether it be to pay offshore suppliers, or to receive income from international customers – to name a few instances.

Back to the future of exchange

Back to the future of exchange

Remember when people would exchange chickens for wool? It seems like such a silly thought now. At some point many years ago there was a light-bulb moment, and the first coins were minted, with the primary aim to simplify these sorts of exchanges. The light-bulb has dimmed somewhat since then.

Balancing the risks - can your business afford not to go P2P?

Balancing the risks – can your business afford not to go P2P?

Peer-to-peer (P2P) is the next big thing in business, we are told. It certainly appears to be — while the term was only applied to the business context at the back end of the last decade, it has significantly grown in relevance over the past 18 months.

Should FX transactions cost more for SMEs?

Should FX transactions cost more for SMEs?

Until recently, the FX business has been stacked against the little guys and geared more towards the big players. Major banks tend to reserve the best currency rates for their biggest customers – big businesses, governments and institutions – as the large corporations have the scale, power and volume to negotiate highly competitive rates.