Flash Forward

Thoughts about the future of finance and foreign currency transfer.

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

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

"...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

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

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

Ripple Selected to Participate in the Bank of England FinTech Accelerator’s Exploration

By Michael on

The Bank of England’s FinTech Accelerator announced that it is conducting a PoC with Ripple to demonstrate cross-border payments and settlement using two different Real Time Gross Settlement (RTGS) systems. The goal of this PoC is to showcase the more »

Tagged in: global payments, currency conversion, international money transfers, digital currency, ripple, technology

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

By Michael on

"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 the more »

Tagged in: remittances, currency conversion, digital currency, global payments, technology, innovation

ANZ, Westpac admit breaches in forex trading

By Tim Strube on

ANZ and Westpac have followed rivals and yielded to the corporate regulator’s investigation into banks’ foreign exchange businesses, agreeing to oversight and changes after traders shared confidential client information and traded to benefit themselves. Similarly to the CBA and more »

Tagged in: regulation, banking, global payments, digital currency, australia

Everything you need to know about foreign currency transfers

By Nicolas Steiger 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! And the banks really don't need you to more »

Tagged in: global payments, digital currency, banking, currency conversion, tips, sending money overseas

Discussing Trends in Global Payments at the GCC Financial Forum

By Tim Strube on

Hundreds of international financiers, business leaders and policymakers from around the world gathered in Bahrain to discuss the future of financing at last week’s sixth annual GCC Financial Forum, writes Amy Hirth for Ripple Insights. Watch the video here. more »

Tagged in: global payments, banking, finance, currency conversion, ripple

Best countries in the world - ranked

By Sophie Green on

'Best Countries' is a rankings, news and analysis project created to capture how countries are perceived on a global scale. Created by U.S. News in partnership with Y&R's BAV and Wharton, the rankings evaluate 80 countries across more »

Tagged in: remittances, currency conversion, finances, global payments, overseas trips, technology

Why now could be the right time to buy property in Spain

By Sophie Green on

UK-based relocation service MoveHub compared 2016 property price data from the Global Property Guide with average salaries according to the Hay’s Group Global Salary Forecast. In Spain, a 2.2 percent hike in salaries against a 5.75 drop more »

Tagged in: banking, currency conversion, global payments, international money transfers, finances

Japan: 47 Banks Complete Ripple Pilot

By Michael on

SBI Ripple Asia announced today that a consortium of 47 banks successfully completed a pilot implementation of Ripple in Japan using a cloud-based payments platform. This platform, RC Cloud, is powered by Ripple’s solution and is the first in more »

Tagged in: ripple, currency conversion, banking, global payments, innovation, asia

US rate hike at next meeting "would likely be appropriate" if data is good enough, Fed's Yellen

By Nicolas Steiger on

The Australian dollar finished lower the last week, breaking sharply on rising expectations for a U.S. interest rate hike at the Fed’s next meeting on March 15. Strong U.S. economic reports and continued hawkish remarks from U. more »

Tagged in: remittances, currency conversion, exchange rates, australia, global payments, exports

Sydney, Melbourne property now affordable – if you are ultra-rich

By Tim Strube on

Sydney and Melbourne property is finally becoming more affordable, but only for the ultra rich. Despite both cities being in the middle of a housing affordability crisis, luxury house/apartment prices have plunged down the list of the world's most more »

Tagged in: australia, buying property, global payments, currency conversion, overseas finance, ripple

How much did your country send and receive in remittances?

By Tim Strube on

In 2015 Australia saw an outflow of remittances of US$16 billion, while it received around US$2 billion. Globally remittances totalled $582 billion according to World Bank figures. The largest source of remittances is probably not unexpectedly the United more »

Tagged in: remittances, exchange rates, sending money overseas, global payments, currency conversion, ripple