Metro Bank launches new FX Forwards service, powered by Equals Money
Metro Bank has partnered with Equals Money to make FX Forwards available to its Corporate and Commercial customers, expanding its foreign exchange offering.
The addition of FX Forwards strengthens Metro Bank’s international banking capabilities for business customers. The service enables businesses to manage foreign currency exposure, plan future payments with greater certainty and keep more of their FX activity within Metro Bank’s banking services.
It enables businesses to lock in exchange rates so that they can hedge against exchange rate volatility for future transactions when trading internationally, covering all of Metro Bank’s current foreign currency offerings.
The FX Forwards service is delivered through a Metro Bank-branded platform, designed and tailored for the bank’s business customers and powered by Equals Money. The service combines Metro Bank’s dedicated relationship managers with Equals Money’s specialist FX expertise and a streamlined digital platform, providing customers with both expert support and a simple, efficient way to manage future currency exposures.
Andy Veares, MD of Commercial and Corporate Banking at Metro Bank said: “We are pleased to launch FX Forwards for our Corporate and Commercial customers. We’ve responded to customer demand with a product designed to help businesses that trade in foreign currencies, as well as to support them to compete and expand internationally. This demonstrates our commitment to offer a broad range of services that enable UK businesses to grow and thrive, backed by the strength of our relationship banking experts.”
Ian Strafford-Taylor, CEO of Equals Money said: “Powering Metro Bank’s new FX Forwards capability is exactly what our embedded finance platform is designed for: delivering tier 1 infrastructure with fintech-level user experience. We’re pleased to be selected for our tailored technology, product breadth, customer experience, and speed-to-market capabilities. Together, under Metro Bank’s trusted banking brand, we’re enabling business customers to manage currency risk, ensuring greater predictability in cashflow and planning.”