The FCA plans to take action against firms offering misleading exchange rates to potential customers, such as offering the “interbank” rate, only to switch to an alternative, less competitive rate once the customer is at a more advanced stage of the transaction. Besides the offering of “unachievable” exchange rates, theRead More →

Hard or soft; divisive or united; Brexit is coming – or is it? – but British businesses seem to be ok with the prospect, according to research carried out by Santander. The Spanish headquartered bank that has significant interests in the UK regularly keeps tabs on the state of BritishRead More →

Yesterday, we described the circumstances relating to the release of the UK governments much anticipated White Paper, which outlines how the UK intends to go about leaving the EU on 29th March 2019, and briefly described some of the ways that Brexit is expected to disrupt international trade between theRead More →

The technology industry is sometimes guilty of over-hyping its influence over the world, and over-exaggerating the usefulness of its products. Is a restaurant food ordering app really so very different from a takeaway menu leaflet? Was a taxi-cab rank genuinely the inconvenience that it is made out to be today?Read More →

It’s coming home. England’s nerve-shredding victory over Colombia last night was watched by an incredible 23m of the population, and whilst many may have been hiding behind the sofa as the goals, fouls, and penalties flew in, a nation is celebrating, and contemplating an unprecedented run all the way toRead More →

Now that it is all but official that the UK will leave the EU on the 20th March 2019, there will doubtless be a flurry of activity by firms, particularly within the financial sector, to try to establish what the various scenarios and implications of Brexit will mean for them.Read More →

Filipino workers in Hong Kong, of which there are more than 180,000, received a potential boost to their finances this week as Jack Ma, the billionaire co-founder of Alibaba, which counts fintech firms Ant Financial and Alipay as subsidiaries, made good on a promise he had made years ago toRead More →

In a recent article in Finextra, Lakshmi Narayanan at Travelex discusses the contrasting approaches taken by the Pakistan and India governments to the problems inherent in their countries remittance industries. India is the largest market for inbound remittance in the world, receiving more than $72bn of inbound money transfers fromRead More →

Prince William told The Times last week about how he recognises the importance of Britain’s SMEs trading overseas, and praised the Commonwealth, describing it as “the mother” of all business networks.Read More →

I recently returned from an event of bucket-list ticking importance in my life. It may have “only” been Thursday Free Practice, it may have been the cheap seats (home straight, watching the cars come blasting out of Anthony Noges, the last corner) but my brief and surprisingly affordable experience ofRead More →

Research published by the Higher Education Policy Institute (HEPI) and Kaplan International Pathways has revealed that international students in the UK are worth more than ten times more than the costs associated with supporting their studies; £68,000 per typical EU-based student, and £95,00 per non-EU student – a total ofRead More →

It’s been an eventful week in the world of international money transfer. Whilst Trump launches trade wars with Europe, China, Canada, and Mexico (to name a few), which is guaranteed to lead to tricky exchange rate calculations for many businesses (don’t forget to check the latest rates and save upRead More →

Modern technology, and mobile tech especially, is making a multitude of lifestyle services easier to deal with; provided you are up to speed with the latest tap, swipe, scan and track technology, many things, including sending money overseas, can be done faster, easier, and cheaper using apps.Read More →

London, May 15th Medifinance, the Intelligent Financial Lender for Healthcare Professionals, and The Money Cloud, an award-winning provider of international money transfer price comparison, are delighted to have agreed a partnership to supply medical professionals with a real-time, sophisticated and reliable overseas money transfer solution.Read More →

There is nothing unremarkable about a shipment of soybeans from Argentina to Malaysia; nor is it surprising when a transaction of this nature is financed using a letter of credit, issued by one bank, on behalf of the buyer, to another.Read More →