NatWest and StoneX: Global FX Payment Enhancement

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StoneX believes its partnership with Natwest reinforces a commitment to providing competitively priced, transparent and scalable payment solutions for businesses, financial institutions and global development organisations. For Natwest, the move to expand its cross-border FX services comes as the group deepens its focus on technology as a business, with its Director of Strategy, Transformation and Architecture for Digital X, Jennifer Wood, telling FinTech LIVE London 2023 her aims of transforming fxtm review the institution both structurally and on the governance side. “Over the last 30 years, we have developed deep expertise in the cross-border payment space and have found tremendous success in partnering with globally recognised institutions that have digital and transformative ambitions. “Using the StoneX Payments channels provides our customers with the certainty of value received at the destination, avoiding charges from intermediary banks while providing transparency in pricing.

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what is stonex

Natwest’s path to digital enablement comes after a rocky 2023, which saw CEO Alison Rose resign amid a private banking https://broker-review.org/ scandal. This will provide NatWest access to customers in markets the UK bank has not previously serviced.

  1. StoneX Payments’ network and infrastructure will power NatWest’s ability to offer customers competitive foreign exchange rates and a seamless payments experience – with a focus on clarity around the precise amount of funds delivered to an end destination.
  2. Natwest’s path to digital enablement comes after a rocky 2023, which saw CEO Alison Rose resign amid a private banking scandal.
  3. This will provide NatWest access to customers in markets the UK bank has not previously serviced.
  4. For Natwest, the move to expand its cross-border FX services comes as the group deepens its focus on technology as a business, with its Director of Strategy, Transformation and Architecture for Digital X, Jennifer Wood, telling FinTech LIVE London 2023 her aims of transforming the institution both structurally and on the governance side.

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There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Per the deal, StoneX will support cross-border payments and expand local reach for NatWest in an additional set of 10 currencies with its API-driven financial institution platform and network of 350 correspondent banks. StoneX Payments’ network and infrastructure will power NatWest’s ability to https://broker-review.org/thinkmarkets/ offer customers competitive foreign exchange rates and a seamless payments experience – with a focus on clarity around the precise amount of funds delivered to an end destination. The payments division of StoneX Group, StoneX Financial, has partnered with NatWest to supply it with third-party delivery and international FX payments services, enabling the bank’s corporate clients to transfer money internationally with ease.

StoneX: Empowering cross-border payments for NatWest

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