moneycorp Americas Announces Expansion Into Canada
- Announcement marks major milestone for Company with expansion into the Canadian market
- Works with a large panel of liquidity providers to secure best in class FX pricing and execution
moneycorp Americas, a leading provider of global payments and currency risk management, announced their expansion into Canada with operations to serve private and corporate customers. moneycorp’s North American operations has served clients in the U.S. for over two decades, focused on private clients’ money transfers, corporate risk management and global payments solutions. Today, their extension into Canada marks a major step in the Company’s global expansion plans to offer a comprehensive and unique offering to the market.
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“Getting our operations and infrastructure established and fully compliant to serve the specific Canadian market requirements is a significant milestone for our company. Today, we are making a significant investment to build this market and with highly differentiated offerings providing both private and business clients the opportunity to choose a long-standing industry expert as their payments and FX currency partner,” comments Bob Dowd, Chief Executive Officer, moneycorp Americas. “In today’s challenging economic environment, I am pleased to continue our expansion into a prime market that aligns with our strategic growth plans.”
moneycorp has liquidity relationships with over 20 financial institutions acting as a pricing aggregator to deliver an integrated and a best-in-class pricing engine for clients. “We are very proud to share what is typically only available to the largest financial institutions and corporates to all our customers regardless of size. We’ve done the work to ensure our Canadian clients get the very best pricing and pass those savings onto them directly,” continued Bob Dowd.
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As one of the world’s largest independent FX providers, moneycorp offers its clients a banking group within its portfolio with banking licenses in Brazil and Europe.
moneycorp Americas will work with private clients such as high net worth individuals and snowbirds looking for real estate purchases in the U.S. and abroad. For corporate clients, risk management hedging solutions are essential in these volatile currency markets and moneycorp has a team of seasoned FX specialists ready to meet clients’ business objectives by providing strategies that mitigate foreign exchange exposure. A dedicated payments team will help companies access the intuitive trading platform, moneycorp online, which streamlines and integrates global payment processing.