Financial Institutions
The FX Office is a white-label service provider to
banks and others providing payments services.
White-labeled service, hence bank brands and
positions the service to its customer base
Fast time to value – typically weeks
Reach wider than and complementary to existing
infrastructure
Cost of integrating into the The FX Office service is
substantially lower than alternative build or buy
and outsource solution approaches
The FX Office helps banks attract liquidity, and
new fee income
The service helps banks serve market segments
such as:
International remittances
International collections e.g. pre paid card
reloading
Low to medium value trade payments
payroll, pensions and dividends, and other
payments which are submitted as mixed batches of
multicurrency, multi‐destination transfers
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Corporate and SMB's
The FX Office provides international payments and
collections services to corporate. Benefits include:
Pricing up to 80% lower than alternative services, as a
result of The FX Office's innovative model, least cost
routing and high STP rates
Value delivered up to 15% greater than alternative
methods
Fast settlement, with most cross‐border payments
completing in T+1
No unexpected beneficiary deductions
Processes mixed payments files (multicurrency,
multi‐destination)
The FX Office accepts a single cover payment for a
mixed file, in any currency/country in which The FX
Office has a segregated account
Information associated with payments and
collections is made available to the recipient, enabling
improved automation of reconciliation
Cost and time to integrate and launch are low
Contact Us
Contact us for further information about The FX
Office and how we can service your money transfer
needs...
Investor enquiries
Sales enquiries
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Remittance
The measured global remittances market is
about $500 billion per year. It is believed that
the 'informal' and hence unmeasured market
addressed by services such as Hawala, may be
of similar size.
The FX Office's services help remittance
service providers deliver funds collected in
one country, globally. Funds are delivered via
the banking system, to any bank account
which can be reached via the local ACH
(Automated Clearing House) in the
destination country. As such, The FX Office
and its customers are compliant with the
rules and processes around international
money transfers.
Subject to appropriate regulatory oversight,
The FX Office's services might also be used to
service beneficiaries who are currently
unbanked. The FX Office delivers funds to
a virtual account attributed to a specific
beneficiary. The account is held within the
banking system and therefore is subject to the
appropriate rules and governance. If
acceptable to the banking authorities in the
destination country, it may not be necessary
for the beneficiary to hold a traditional bank
account.
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