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On November 1 DTB formally launches instant FX trading for iFAST GB Business clients. Clients can receive cleared funds in as little as one minute post-trade, creating significant efficiencies and cost savings.
Robert Turner-Kerr, senior relationship manager and business lead for the project at iFAST Global Bank, says: “EMIs and regulated firms holding client funds often need to wait days for FX to settle. Prefunding on the sell side and awaiting funds on the buy side can be inefficient and onerous. By leveraging iFAST Global Bank’s Instant FX offer and combining this with iFAST Safeguarding accounts, you will save time and money, improve your working capital and delight your clients with faster FX and immediate payouts.”
With 24/7 rate calls from live market sources, customisable tiers by trading amount, currencies, and notional volumes, and the ability to place trades even on currency holidays, iFAST Global Bank Instant FX Own Account trading mitigates a real pain point for EMIs and APIs third-party payments.
iFAST Global Bank, a wholly owned subsidiary of SGX Listed iFAST Corporation, XSES: AIY with a Market Cap of 2.32 billion, specialises in providing digital transaction banking (DTB) solutions, safeguarding and client money accounts to regulated NBFIs in the UK and Europe.
Speak with the iFAST Digital Transaction Banking team today by emailing [email protected], visiting our website, Business | IGB, or calling the team!