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ALT21 rolls out disruptive foreign exchange offering for businesses
From electronicpaymentsinternational.com
ALT21 claims that its disruptive foreign exchange launch has the potential to save businesses billions on their foreign currency operations. The ALT21 all-in-one technology platform automates all key steps of the end-to-end currency exchange and FX hedging process. It says its proprietary technology, featuring low human-touch and straight-through processing, significantly reduces operating costs. This enables ALT21 to offer FX conversions at just 4 basis points. This compares to over approximately 200 basis points typically charged by traditional banks. Exchanging £100,000 into euros on ALT21 costs a user £40. That ... (full story)