Flash Forward

Thoughts about the future of finance and foreign currency transfer.

How do I compare foreign exchange rates?

By Sophie Green on

Currencies are exchanged around the world in a 24-hour cycle every weekday. Why? Apart from tourists and travel, there’s international trade (import/export of goods & services) and investment. And of course, people overseas who send money to support more »

Tagged in: exchange rates, currency exchange

3 steps to getting the best currency exchange rates

By Nicolas Steiger on

To be sure you are getting the best currency exchange rates, you must know what the current real market foreign exchange rate is and whether any upfront or transaction fees are applied to your transfer, including fees applied by the more »

Tagged in: Currency, exchange rates, Foreign Currency Transfer, FinTech, foreign exchange, currency exchange rates

Going to study overseas? Five quick tips to make the most of it.

By Tim Strube on

Studying abroad is an awesome experience. It opens up new experiences, new friendships, new cultures you are not going to find at home, no matter how cosmopolitan your life may be. As with most things in life, a little preparation more »

Tagged in: currency transfer, expat, innovation, finetch, living abroad, student travel, study overseas

What you need to know about foreign currency transfers

By Tim Strube on

You set up a foreign currency transfer. The money leaves your account. It disappears for days. And then it turns up (significantly reduced) in the recipient's account. That's just how it works right? But have you ever wondered what happens more »

Tagged in: FinTech, currency exchange, Money Conversion, exchange rates, digital currency, banks

The value of choice, control & transparency

By Nicolas Steiger on

International money transfer services and banks around the world continue to trap consumers with opaque and overpriced exchange rates. For too long the foreign exchange industry has profited in the shadows. It has never served the remitters’ best interests to more »

Tagged in: Foreign Currency Transfer, Payments, FinTech, Money Transfer

Big banks = high cost international transfers

By Nicolas Steiger on

Do you need to transfer money abroad? Well, you should probably give the traditional Australian banks a miss. Comparing their offerings reveals that the ‘Big Four’ banks charge far heftier international money transfer fees than online providers – and could cost more »

Tagged in: FinTech, remittances, currency converter, Foreign Currency Transfer, foreign exchange, global payments

$7 billion remittance industry set for massive shake-up

By Tim Strube on

The $7 billion Australian money remittance industry is set for a massive shake-up as a new wave of online and digital-based players enter the market. According to Ashley Jessen, CEO of Profile Booster, the retail money remittance industry is a more »

Tagged in: FinTech, remittances, banks, currency converter, Foreign Currency Transfer, Currency, Payments

Ten New Customers Join Ripple’s Global Payment Network

By Nicolas Steiger on

Ripple announced the addition of 10 new customers to their growing global network. Among them some of the world’s largest banks, innovative smaller banks, and payment service providers (PSPs). As the only blockchain provider that has real use cases more »

Tagged in: FinTech, foreign exchange, Foreign Currency Transfer, banks, currency converter, ripple, Currency

How much cash have you got in your wallet?

By Tim Strube on

Let me guess — your wallet is empty, or it recently was. Ten years ago, anyone who had no cash in their pocket would’ve whispered it. Broke til payday or just broke. Having no cash was a source of shame. more »

Tagged in: FinTech, foreign exchange, Foreign Currency Transfer, banks, currency converter, remittances

Take charge of your foreign exchange transfers

By Tim Strube on

Sending money overseas via your bank is often confusing, always expensive and very slow. Now you can change that. Let's break it down... At FlashFX we make foreign exchange easy, fast and affordable: Based in Sydney Australia, we have engineered more »

Tagged in: FinTech, foreign exchange, Foreign Currency Transfer, banks, currency converter, remittances

Aussie dollar gain on French election result

By Tim Strube on

The Australian share market and dollar have been beneficiaries of Emmanuel Macron's victory in the first round of the French presidential election, as the centrist looks increasingly likely to win the run-off. The biggest initial beneficiary of the outcome was more »

Tagged in: FinTech, foreign exchange, Foreign Currency Transfer, banks, currency converter, Currency, Money Transfer

"...so easy to use compared to the banks"

By Nicolas Steiger on

"I Used FlashFX transfer yesterday. Money is in the Irish bank account this morning. It's so quick compared to the banks. Saved $136 compared to my bank. Awesome stuff. Love the GUI too, so easy to use compared to more »

Tagged in: FinTech, foreign exchange, Foreign Currency Transfer, banks, currency converter, remittances

Sterling up. Aussie down. Market update.

By Sophie Green on

The British pound was the big mover this week as the UK unexpectedly headed to the polls. Westpac's Sean Callow discusses how durable sterling's rally is likely to be. He also discusses the role of the RBA minutes in the more »

Tagged in: FinTech, foreign exchange, Foreign Currency Transfer, banks, currency converter, remittances

Banks to ditch sales incentives to ‘restore trust’

By Tim Strube on

THE toxic sales culture in Australian banks that sees customers saddled with inappropriate financial products may finally be coming to an end. Maybe. All four big banks have committed to winding back the “deep-seated” culture of product-based incentive payments after more »

Blockchain is not just for Bitcoin - it is a digital ledger of transactions

By Michael on

Blockchain sounds like a solution to a 19th-century railway problem, but lately, it’s on the lips of every executive who wants to solve the problem of 21st-century digital transactions. Blockchain technology is a way of recording and storing digital more »

Tagged in: foreign exchange, Foreign Currency Transfer, banks, currency converter, remittances

Take charge of your foreign exchange transfers and save

By Tim Strube on

Sending money overseas can be confusing and expensive. Let's break it down... and let us show you just how easy it can be. And you can save a lot. FlashFX makes foreign exchange easy, fast and affordable. We provide a more »

Tagged in: FinTech, foreign exchange, Foreign Currency Transfer, currency converter, remittances

Embracing Blockchain for Payments

By Nicolas Steiger on

Payments are one area where banks should completely embrace blockchain to compete with fintech challengers and to expand their market share. The existing payments infrastructure used by banks faces multiple challenges relating to security, speed and cost. No wonder, Santander more »

Tagged in: FinTech, Currency, Payments, Foreign Currency Transfer, foreign exchange, banks

The great currency deception - uncovered

By Tim Strube on

When it comes to foreign currency transfers, especially by consumers and small to medium-sized businesses, what you find are big financial institutions bouncing your money around the world like a pinball from one fee-charging bank to another, using a complex more »

Tagged in: FinTech, Foreign Currency Transfer, Money Transfer, currency converter, foreign exchange, remittances, banks

ASIC enforcement taskforce recommends tightening bank rules to protect customers

By Nicolas Steiger on

Banks, financial services houses and credit companies will face public naming and shaming over bad behaviour in a suite of major reforms being considered by the Turnbull government. However, the reforms put forward by the Australian Securities and Investments Commission more »

Tagged in: FinTech, Foreign Currency Transfer, currency converter, Money Transfer, global payments, banks, foreign exchange

Fastest, most affordable currency transfers from Australia to Europe

By Tim Strube on

Australian startup FlashFX was designed from the ground up to outperform traditional financial institutions by providing fast, secure and very affordable foreign exchange conversion services as an alternative to the existing opaque, siloed and inefficient banking networks. And it does more »

Tagged in: FinTech, Foreign Currency Transfer, currency converter, Money Transfer, global payments, banks