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NAB Ventures leads funding round for FX platform

NAB Ventures leads funding round for FX platform

by Nehad Kenanie | Mar 8, 2017 | Australia, FinTech, Foreign Exchange, Global, Investment, Uncategorised

(8 March 2017 – Global) NAB Ventures has led a $US24 million ($31.6 million) funding round by foreign exchange (FX) payments group Veem, in a deal the bank believes will assist it in increasing its market share in international money transfers made by small business....

China allows foreign investors to hedge FX risks onshore

by Nehad Kenanie | Mar 1, 2017 | Asia, China, Foreign Exchange, Investment, Regulatory & Government, Uncategorised

(28 February 2017 – Hong Kong) China has announced that it will ease rules on offshore institutional investors hedging currency risks in the domestic forex market. The move aims to address a major hurdle that has deterred foreign investors from buying...
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