Equals Money Powers Metro Bank's New FX Hedging Product For Business Customers
LiquidityFinder - Bhargav DharapMetro Bank has expanded its foreign exchange offering for Corporate and Commercial customers through a new FX Forwards service, delivered in partnership with Equals Money.
The service enables businesses to lock in exchange rates for future transactions, allowing them to hedge against exchange rate volatility when trading internationally. It covers all of Metro Bank's current foreign currency offerings and is designed to give businesses greater certainty when planning future payments.
The FX Forwards platform is Metro Bank-branded and powered by Equals Money's embedded finance infrastructure. It combines Metro Bank's relationship managers with Equals Money's FX expertise and a digital platform aimed at streamlining how business customers manage future currency exposures.
Andy Veares, MD of Commercial and Corporate Banking, Metro Bank
Andy Veares, MD of Commercial and Corporate Banking, Metro Bank said:
“We are pleased to launch FX Forwards for our Corporate and Commercial customers. We've responded to customer demand with a product designed to help businesses that trade in foreign currencies, as well as to support them to compete and expand internationally. This demonstrates our commitment to offer a broad range of services that enable UK businesses to grow and thrive, backed by the strength of our relationship banking experts.”
Ian Strafford-Taylor, CEO, Equals Money
Ian Strafford-Taylor, CEO, Equals Money commented:
"Powering Metro Bank's new FX Forwards capability is exactly what our embedded finance platform is designed for: delivering tier 1 infrastructure with fintech-level user experience. We're pleased to be selected for our tailored technology, product breadth, customer experience, and speed-to-market capabilities. Together, under Metro Bank's trusted banking brand, we're enabling business customers to manage currency risk, ensuring greater predictability in cash flow and planning."
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