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Podcast: Building And Growing
Episode: #56 - Emerging markets FX: a new wholesale marketplace
Description: About AbbeyCross
AbbeyCross is developing a wholesale marketplace to improve transparency, compliance, pricing, and service levels for payments to Emerging Market (EM) countries. Historically, a lack of relevant market data and a fragmented and inefficient wholesale market has meant that margins for payments to EM countries can be over 5%. AbbeyCross’ product roadmap has been developed through a process of co-creation with banks and EM payment providers, with a focus on benefiting the whole ecosystem. While Fintechs have traditionally found it difficult to engage banks, AbbeyCross is showing that there are large scale problems that banks are motivated to...