NEW YORK, Jan. 27, 2021 /PRNewswire/ — A worldwide chief in on-line multi-asset buying and selling companies and foreign money knowledge and analytics, OANDA has joined forces with Currencycloud, a number one supplier of B2B embedded cross-border options, to ship a brand new worldwide cash switch service to firms in North America. Known as OANDA FX Funds, the brand new answer has been made doable by a joint collaboration with Shift Join.
OANDA FX Payments allows company purchasers to make cross-border funds in 35 currencies, shortly and simply by a protected and dependable on-line platform. The answer helps firms cut back the price of worldwide transactions whereas hedging their foreign money threat and defending their backside line. That includes a streamlined consumer expertise, the platform additionally provides purchasers a very personalised buyer assist service.
The partnership combines OANDA’s deep-seated experience in overseas trade with Currencycloud’s best-of-breed fee know-how and Shift Join’s world-class buyer assist to supply a simple-to-use, dependable worldwide cash switch answer for companies, massive or small.
Lucian Lauerman, Head of OANDA FX Information Providers, mentioned, “One of many world’s main FX authorities, OANDA is devoted to serving to firms optimize money movement, handle foreign money threat and construct their backside line. As such, we’re delighted to be partnering with Shift Join and Currencycloud so as to add OANDA FX Funds to our best-in-class vary of company foreign money options, that are trusted by audit companies, tax authorities and multinational firms all around the world.”
“As now we have began to broaden into new territories throughout the globe, and our partnership with Currencycloud expands, we had been uniquely positioned to create new options for OANDA’s company FX purchasers who make worldwide funds,” defined Dave Kelcher, CEO at Shift Join.
Richard Arundel, North American Common Supervisor & Co-founder of Currencycloud, commented, “It is a distinctive proposition for OANDA and its company FX purchasers. By working intently with our current associate, Shift Join, in North America, now we have been capable of create a one-of-a-kind cross-border fee answer for OANDA.”
OANDA FX Funds is offered to company purchasers by OANDA Enterprise Info and Providers Inc. The agency additionally provides a variety of FX Information Providers together with the OANDA Exchange Rates API, which gives entry to day by day averages, spot and ahead charges, central financial institution trade charges and tick-level knowledge for 38,000+ foreign money pairs, over 200 currencies, commodities, and treasured metals, in addition to trade charges sourced from 25 central banks and historic foreign money charges that date again to 1990.
Based in 1996, OANDA was the primary firm to share trade price knowledge freed from cost on the Web, launching an FX buying and selling platform that helped pioneer the event of web-based foreign money buying and selling 5 years later. At the moment, the group gives on-line multi-asset buying and selling, foreign money knowledge and analytics to retail and company purchasers, demonstrating an unrivalled experience in overseas trade. With regulated entities in eight of the world’s most energetic monetary markets, OANDA stays devoted to remodeling the enterprise of overseas trade. For extra data, please go to oanda.com or comply with us on Twitter, Facebook, or LinkedIn.
Transferring cash all over the world is tough. Organising abroad financial institution accounts and coping with distinct regulatory regimes takes up time, cash, and sources. Currencycloud removes that ache, serving to clients obtain their ambitions ahead of they dared dream. With a worldwide, multi-currency account infrastructure, clients are capable of acquire, convert, pay and handle a number of currencies, anyplace on the planet. Launched in 2012, Currencycloud has processed greater than $65bn to over 180 nations, working with banks and Fintechs all over the world, together with Starling Financial institution, Revolut, Penta and Lunar. Based mostly in London with places of work in New York, Amsterdam and Cardiff, Currencycloud works with companions together with Visa, Dwolla, and Mambu to ship easy, clear monetary infrastructure options for purchasers. They’re regulated within the UK, US, and the EU.
About Shift Join
Shift, Canada’s most trusted FX consultants serving to companies effectively navigate worldwide foreign money markets to maximise worth and reduce threat, providing unbeatable charges and unrivalled service. For extra data go to: www.shiftconnect.com.