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point launches FX solution for wealth managers

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pointgroup (point) has entered the FX marketplace with a new digital foreign currency exchange and international payments platform, edgeFX.

An online global foreign exchange payment solution for international business, global investors, wealth managers, IFAs and private clients alike, the newly launched edgeFX proposition delivers access to highly competitive FX pricing and is supported by a market-leading payment platform which enables cross-currency payments on both a domestic and international footing, in over 60 currencies and to circa 185 countries.
 
edgeFX aims to speed up the process of making international payments and money transfers using the fastest and most economical payment services and allows clients to manage their account simply and efficiently.
 
edgeFX enables clients to take control of their transaction requirements and the online payments process, to make fast, secure single or multiple SWIFT payments, globally, at no cost – with a full audit history.
 
In launching edgeFX .point has partnered with Monex Europe Limited; by harnessing its market-leading technology platform and its extensive global network .point will deliver to clients a better value service on a broader range of currencies than presently available with other providers.
 
Henry Wilkes, Head of Foreign Exchange at .point says: “Most find the world of foreign exchange confusing and complicated, so it’s no surprise the banks have been able to get away with high commissions on rates while delivering such an inefficient and poor quality service for so long.”
 
“edgeFX gives clients greater control over the process, is completely transparent and has been designed to deliver the optimum value for money. We think it’s a game changer and invite private clients and those working in the world of financial services, wealth management, private banking and asset management to take control of their personal and global business currency requirements with a streamlined and efficient process using automated payments, individual or multi payment services, new trades and onward payments to third party recipients – and to give themselves an edge.”

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