At a glance
It’s an easy way to send money to relatives and friends in other countries.
International money transfers convert your local currency to that of the recipient destination.
What is the best way to send money abroad?
When sending money abroad, you need to compare the currency exchange rate and any costs to convert or send the money internationally. Currency exchange rates change throughout the day and different money transfer firms and banks have different fees for transferring money to another country. XE Money Transfer offers a currency converter that shows you in real time how much money you can get when exchanging between currencies. You can also view the performance of different currency exchange rates here.
We
recently noted that the UK Financial Conduct Authority (FCA) published the outcome of a review into the factors that determine failure or success when implementing technology change in the financial services sector and discussed the importance of this review for firms seeking to improve the operational resiliency of their technology change management process.
On March 29, the FCA, Bank of England, and Prudential Regulation Authority (PRA) jointly issued a policy summary and a number of consultation papers on operational resilience in financial services, reaffirming the focus of these financial services supervising authorities on operational resilience.
These newly published documents include
DNA Payments Group Announces the Launch of Open Banking Payments
The partnership will bring Ecospend s Open Banking innovative payments service to DNA Payments Group portfolio of 30,000 merchants. Sitting alongside their existing suite of products, this latest solution will offer a new alternative way for merchants to accept payments.
Nurlan Zhagiparov, Director of DNA Payments said: Ecospend s technology gives us the perfect opportunity to deliver the latest payments technology in the market. This latest solution underscores DNA s commitment to innovative thinking and responding to the needs of the market. The partnership with Ecospend will enable our clients to offer an additional cost effective and secure payment solution via Open Banking Payments. After extensively reviewing the market, we found that Ecospend s technology and reach are unrivalled, and we are delighted to announce this partnership.
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iSignthis Ltd (ASX:ISX) Annual Report to Shareholders
Annual Report to ShareholdersMelbourne, Mar 9, 2021 AEST (ABN Newswire) - In 2020, with the build out of the Group s our own Tier 1 card scheme and central banking connections and infrastructure complete, the business has focused on the development of new products and services for our customers, as well as continuing to grow our Customer Base in our Re-Tech Solutions division. We also made a significant investment in NSX Limited ( NSX ), and are starting to see NSX make significant progress as it builds out its own technology stack.
Business Update
In 2020 the growth of the business was impacted by the ASX suspension, which caused the Company to lose several suppliers and customers, especially in Australia. Despite this, the Company has continued to grow revenue in 2020, up 21.6%. Pleasingly the Company saw strong revenue growth from transactional banking services as we continue to diversify our revenue streams.