Flash Forward

Thoughts about the future of finance and foreign currency transfer.

How to get the best rate with our Exchange Rate Calculator

By Nicolas Steiger on

We take a closer look at how to find and read currency exchange rates, as well as how to convert currency using an exchange rate calculator. more »

Tagged in: currency conversion, sending money overseas, remittances, tips, exchange rates

Currency transfer tips: What expats should consider before sending money home

By Sophie Green on

If you're an expat and need to send money home, you should always consider the best and safest options for currency transfer. We provide some tips. more »

Tagged in: global payments, remittances, currency conversion, moving overseas, emigration

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 conversion

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: exchange rates, currency conversion, digital currency

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 conversion, budget, international education, study, saving tips

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: digital currency, currency conversion, exchange rates, banking

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: currency conversion, digital currency, global payments, international money transfers

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: global payments, remittances, currency conversion, banking, international money transfers

$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: remittances, currency conversion, global payments, digital currency, banking

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: ripple, currency conversion, digital currency, global payments, innovation, banking

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: remittances, currency conversion, digital currency, finance, banking

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: remittances, currency conversion, digital currency, ripple, banking, exchange rates

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: currency conversion, finance, AUD, ripple, banking

"...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: remittances, currency conversion, digital currency, global payments, banking, ripple

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: remittances, currency conversion, global payments, banking, ripple, digital curency

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 »

Tagged in: finance, currency conversion, innovation, banking, ripple, buying property

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: global payments, currency conversion, exchange rates, AUD, international B2B, importing

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: digital currency, ripple, technology, innovation, blockchain, currency conversion

ASIC’s Greg Medcraft lashes bank ‘oligopoly’

By Nicolas Steiger on

Chairman of the corporate watchdog Greg Medcraft lashed out at the banking “oligopoly” for chipping away at customer trust with sector-wide interest rate hikes out-of-cycle with the Reserve Bank of Australia. “I think every time you do an out-of-cycle increase more »

Tagged in: finance, regulation, australia, international money transfers, currency conversion, compliance

The Real Cost of Foreign Exchange Conversions - What the banks don't want you to know.

By Nicolas Steiger on

Do you know what the actual foreign exchange conversion rate is? You probably know the conversion rate your bank is charging you, but did you know there is another "higher" rate known as the market rate? In fact, more »

Tagged in: currency conversion, exchange rates, global payments, regulation, digital currency, international money transfers