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CurrencyVue partners with AFEX in move to revolutionise payments and FX Hedging   Sydney, October 30, 2017: Currency solutions platform, CurrencyVue, has today announced the launch of its Integrated FX Risk Management Platform, transforming the way businesses manage complex payments and FX hedging contracts.   In partnership with global payments and risk management provider AFEX, the online platform allows businesses to manage international trade, global payments, and foreign exchange...

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Most technology is not new – it has simply just been wrapped up and marketed better than the business before and this is the case with ‘straight-through-processing’ or STP. STP broadly refers to the way businesses strip out manual processes or physical activities and so they can be digitally automated end-to-end. The holy grail for banks, STP is used to automate and remove manual intervention in payments,...

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A recent study conducted by The College of Business Administration analysed businesses over 7 years and found that a whopping 88% of all spreadsheets contain errors and a portion of those errors posed a financial threat to the business. But don’t take our word for it, the chaps over at JP Morgan know better than anyone.  In a well-publicised fiasco, a spreadsheet error was relied upon for their ‘Value at...

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International trade and associated services have been dominated by banks for years. Yet recent changes in this industry have made it ripe for disruptors and innovators aiming to capitalise on the inefficiencies of current systems and practices. We examined some interesting start-ups and early stage businesses innovating in this space:   1.       Fluent   Fluent have developed a cloud based network that enables real time, low cost, simple and secure...

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For most businesses that have an FX Hedging program, the two most common forms of FX risk are transaction risk and translation risk   Transaction risk will arise from a business transaction that generates a foreign exchange cash flow.  For example, an Australian business that buys inventory from a UK supplier will have an exposure to the AUD/GBP cross rate.  In this case the business will likely create...

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