Foreign Currency

Monex USA Integrates Q2’s Digital Banking Platform for Cross-Border Payment Solutions


Monex USA has integrated Q2’s Digital Banking
Platform. The step allows users to access Monex USA’s global payments,
corporate FX, and currency risk hedging services. According to the company, this
integration aligns with Monex USA’s objective to cater to the evolving needs of
financial institutions and their clients.

Mike Rockouski, the Managing Director of Financial
Institutions at Monex USA, mentioned: “Monex USA’s integration with the Q2
Digital Banking Platform means financial institutions will have more options
for their clients.”

“This integration aligns with Monex USA’s
strategy to service financial institutions’ cross-border payment needs and
establish itself as a trusted digital banking payment solutions partner.”

Monex USA aims to provide solutions for managing
cross-border transactions through Q2’s Partner Accelerator Program. According
to the press release, this integration aligns with Monex USA’s objective to
cater to the needs of financial institutions and their clients.

This partnership enables financial institutions to
access a diverse range of foreign currency products and services to strengthen
existing relationships and expand their customer base.

Monex USA, a part of the Monex Group, provides
corporate clients with foreign exchange and international payment solutions.
The platform has been offering cross-border solutions for more than 24 years.
On the other hand, Q2 provides digital solutions for the financial sector globally.

Monex Europe

In 2022, Monex Europe Holdings Ltd. highlighted a
substantial recovery from its previous setbacks. The company moved from a loss
of £3.45 million in 2021 to a notable profit of £9.98 million, Finance Magnates
reported.

Monex Europe reported a surge in net trading income,
soaring 46% from £54.28 million in 2021 to £79.68 million in 2022. This
surge boosted the company’s gross profit, which reached £76.27 million.

Despite the firm’s administrative costs escalating
by 23% to £70 million, it did not affect its revenue streams, the company
highlighted.

Monex USA has integrated Q2’s Digital Banking
Platform. The step allows users to access Monex USA’s global payments,
corporate FX, and currency risk hedging services. According to the company, this
integration aligns with Monex USA’s objective to cater to the evolving needs of
financial institutions and their clients.

Mike Rockouski, the Managing Director of Financial
Institutions at Monex USA, mentioned: “Monex USA’s integration with the Q2
Digital Banking Platform means financial institutions will have more options
for their clients.”

“This integration aligns with Monex USA’s
strategy to service financial institutions’ cross-border payment needs and
establish itself as a trusted digital banking payment solutions partner.”

Monex USA aims to provide solutions for managing
cross-border transactions through Q2’s Partner Accelerator Program. According
to the press release, this integration aligns with Monex USA’s objective to
cater to the needs of financial institutions and their clients.

This partnership enables financial institutions to
access a diverse range of foreign currency products and services to strengthen
existing relationships and expand their customer base.

Monex USA, a part of the Monex Group, provides
corporate clients with foreign exchange and international payment solutions.
The platform has been offering cross-border solutions for more than 24 years.
On the other hand, Q2 provides digital solutions for the financial sector globally.

Monex Europe

In 2022, Monex Europe Holdings Ltd. highlighted a
substantial recovery from its previous setbacks. The company moved from a loss
of £3.45 million in 2021 to a notable profit of £9.98 million, Finance Magnates
reported.

Monex Europe reported a surge in net trading income,
soaring 46% from £54.28 million in 2021 to £79.68 million in 2022. This
surge boosted the company’s gross profit, which reached £76.27 million.

Despite the firm’s administrative costs escalating
by 23% to £70 million, it did not affect its revenue streams, the company
highlighted.



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