Nomentia – Treasury Trends 2021

| 10-02-2021 | treasuryXL | Nomentia |

Recently, Nomentia held a webinar about the key Trends in Treasury and Cash Management. The recording of this webinar “Treasury Trends 2021” is now available for you on demand. Feel free to rewatch it as much as you like!

Watch The Webinar

About Nomentia

Nomentia is a Nordic powerhouse for global cash management. We believe in a world in which businesses can make the right decisions no matter how unpredictable the times are. Our SaaS-based platform offers solutions for cash forecasting and visibility, global payments with bank connectivity, reconciliation, in-house banking, guarantees, and FX dealing. We serve 2,300+ clients in over 100 countries processing more than 200 billion euros annually. Cash is king!

Webinar RMFI: The Corona pandemic, an accelerator of Behavioural Risk

| 08-02-2020 |

The Vrije Universiteit will host a free webinar “The Corona pandemic: an accelerator of Behavioral Risk”.

The webinar is for everybody to join and free of charge.

Date, time and registration

Date: 17 February, 2021

Start: 19:00 – 20:15 CEST

Register Now and safe your virtual seat

Become the next Treasury Mid & Back Office Manager

05-02-2021 | Treasurer Search | treasuryXL

Our Partner Treasurer Search is looking for a Treasury Mid & Back Office Manager for a globally operating company covering many markets with various offerings.

Tasks Treasury Mid & Back Office Manager

The set of tasks is not set, three prominent results areas are:

Smooth operations; leading a small team, being able to step in and role up the sleeves. Producing monthly, quarterly and annual treasury reports;
Subsidiary and leadership support; proactively knowing about what is happening within the organisation and around, analyzing results and help the company move forward;
Treasury infrastructure improvement; projects covering policies, TMS, documentation et cetera.

Ideal Treasury Mid & Back Office Manager

The ideal candidate for this position has an academic degree and at least five years’ experience in corporate treasury. As our client is constantly changing in a high tech market, we expect the candidate will have a flexible and curious mindset. Experience has shown that candidates with a hands-on and proactive approach to work are the successful ones in this team.

Our Client

Our client is a globally operating company covering many markets with various offerings. The treasury team in Amsterdam has steadily grown over the last years and completed a number of exciting projects. Ambitions and expectations are high. Employees are well educated, stay within the company and are result oriented.

Remuneration and Process

The expected base salary for this position is €60K, talented juniors or slightly overqualified candidates are invited to respond. For candidates who qualify and are interested, an extensive job description is available. Our client will not sponsor a work permit or move to the Amsterdam region.

Our client values diversity and pays attention to a very objective recruitment process. The Treasurer Test might be part of the recruitment process.

Contact person

Pieter de Kiewit

T: (0850) 866 798

M: (06) 1111 9783

E: [email protected]

Location

Amsterdam

APPLY HERE

How Do I Spot an Opportunity?

04-02-2021 | treasuryXL | XE |

There are a few signs and behavioral patterns that can indicate someone who would be a good fit to transfer money with XE.

Finding opportunities to turn prospects into Xe customers can be difficult. Though some people do have plans to transfer money overseas and may be in search of the right provider to facilitate their transfers, many other people as, and some may be perfectly satisfied using their bank or a wire transfer to send their money overseas. There are a few things that you can bring up in your discussions or keep your eyes (and ears) open for in order to make the search a little easier. Let’s talk about how you can find the right opportunities.

Spotting a potential opportunity

Though everyone is different, there are a few signs and behavioral patterns that can indicate someone who would be a good fit to transfer money with Xe.

There’s one question that reigns above all others: do they make international payments? This is the fundamental question, and the first one you should look to answer. Do they make international payments or deal with foreign currencies in any capacity? Then they are someone who could benefit from a fast, cost-effective, and easy-to-use money transfer solution.

Signs of a potential opportunity: individual edition

Individuals and businesses will have different signs, and different uses for money transfer. Some examples of people who fit this category include:

Clients living in other countries
Business people with clients who live overseas
Expats from another country
People who own property in another country
People who work with or get paid by a company in another country
People who have family overseas
People who have shares or dividends coming from another country
People receiving an inheritance, gift payments, or other sums of money from overseas
Individuals selling property with plans to relocate abroad
People purchasing goods from overseas
Workers on temporary overseas work secondments
People with overseas pensions
Account holders of multi-currency bank accounts.

Identifying someone who has a need for international money transfer is the first step. The next step is convincing them that they shouldn’t just use their local bank branch or the first provider they come across: they should use Xe.

There are two key areas to focus on:

Exchange rates
Bank costs associated with international payments.

Banks and other providers often set rates that favor themselves, not the client. In addition, these institutions often come with numerous additional fees (sometimes even hidden within the transaction). On the other hand, the Xe rate comes straight from the live currency markets, and is a true, honest reflection of the mid-market rate, with no hidden margins. In addition, there are no hidden fees with Xe: what your client sees is what they will get.

Signs of a potential business opportunity

Individuals aren’t the only ones who need money transfer; there are plenty of businesses who could benefit from working with Xe. Some examples of good opportunities include:

Clients with overseas offices
Businesses with a globally-located workforce
Managers of international payroll
Businesses that import or export
Offshore investors
Businesses with multi-currency bank accounts
Any business that sends and/or receives international payments.

Within the realm of international payments, there are a few common concerns that could be worth discussing further. Consider discussing:

Do they bill clients in your local currency or their local currency?
Do they talk about increased costs overseas, or decreased profits on exports?
Are they concerned with the bank costs associated with making international payments?

These questions can help you to better understand what they’re looking for from a money transfer and FX provider, whether it’s improving their profits, cutting out unnecessary costs, or ensuring that they aren’t exposed to FX risk when they make their international payments.

Are you curious to know more about XE?
Maurits Houthoff, senior business development manager at XE.com, is always in for a cup of coffee, mail or call to provide you detailed information.

Visit XE.com

Visit XE partner page

Getting Granular: A Tool to dig deeper and Improve Cash Forecasts

03-02-2021 | Cashforce | treasuryXL |

Covid-19 shook the foundations of Cash Flow forecasting and Working Capital Management for companies facing uncertainty about revenues, vendor payments, appropriate inventory levels and adequate cash reserves.

At a recent NeuGroup virtual interactive session, one participant impressed others by describing how a Fintech solution provided by Cashforce a year earlier allowed his company to dig into the weeds of business operations, examining line-item details of cash flows to prepare for and absorb shocks to liquidity.
That ability helped treasury provide real value to the company when the internal spotlight landed on the team during the pandemic.

Digging into details: Cashforce opened a window to a more accurate cash picture by revealing what was going on across the business and how various moving ‘levers’ were rapidly changing, the treasurer said.

The technology tracked the granular details of cash flows and highlighted respective drivers that helped identify areas of business behaving normally and those under greater stress from delays in customer receipts.
The resulting insights facilitate setting baseline expectations and seeing potential roadblocks so that treasury teams can have productive conversations with operations teams about changes, new products, etc. so that business intelligence is layered into forecasts appropriately.

The velocity and veracity of data. Covid-19 has called more attention to the need for banking APIs and the harmonization of data feeds into a single analytical source. Real-time mandates are now the norm: Everyone wants payment information in real time, with consolidated cash positions at the press of a button. This greater level of urgency has driven the need for cash flow forensics and analytics.

82% of participants polled have accelerated plans to automate and digitize treasury operations since the pandemic (see chart above for details).
Cashforce stressed that all processes surrounding cash flow and working capital optimization must be revisited to accomplish real-time goals. Across companies, they are seeing an emergence of a cash culture away from the heavy focus solely on earnings.

This shift requires links to AI models so treasury practitioners can determine cash flow drivers not easily spotted by the human eye because they are in the weeds of massive amounts of data.

The data is there; why can’t we get to it? Simply put by one member: Most treasury management systems (TMSs) are not designed to house the magnitude of transaction-level data nor provide the analytic capabilities needed for transparent cash forecasting and best-in-breed working capital analytics.

For example, not all TMSs are able to take in various data streams or extrapolate trends to build cash flow patterns into a cash forecast. For companies with multiple ERPs, the complexity and volume of data becomes exponentially difficult to manage and impossible to analyze manually.
Algorithms designed to roll up your sleeves for you and dig into transaction-level detail to predict trends and flag anomalies provide a structure for cash optimization and a safeguard for deviations that threaten liquidity.
Measure KPIs to move the needle. Automated calculations and daily reporting on key indicators through Cashforce tools allow for expedited metrics that enable smart decision making and facilitate improving working capital through analytics.

Wedded bliss: Marrying short-term direct to long-term indirect cash forecasts! Treasury and FP&A forecast disconnects are common sources of reconciliation tension across companies.

Cashforce uses a “rules engine” that takes ERP data to transform the indirect P&L components into direct cash flow drivers and calculate timing parameters based on historical trends.
One member inquired about the possibility of forecasting by purchase order and was pleased to hear that once the purchase order details were transferred into the system, algorithms calculate cash amounts and timing for both “open ended or closed” purchase orders, taking the headache out of what is often a guessing game.

The Case for a Global Payment Hub

02-02-2021 | treasuryXL | Kyriba |

Global corporate payments technology is changing at a rapid pace. So rapidly, in fact, that internal IT-managed platforms are not able to keep up and the challenges that ensue are left for the IT team to sort out.

These challenges include:

Insufficient Controls
It is up to IT to protect assets from digitized fraud capabilities that are able to penetrate the standard four-eye principal and, in order to do so, IT will need to enhance controls.
Custom Banking Formats
Each bank has its own specific requirements that, even within the same bank, may differ depending on payment type and bank branch location. The number of custom formats needed can make it difficult for IT to meet all global banking format customization requirements.
Infrastructure Costs
The cost of building and maintaining payment connectivity infrastructure, especially given the customization requirements, can easily exceed what a company anticipated.
Delayed Project
Established bank connections will need to be rebuilt as ERPs migrate to the cloud, which can greatly delay the project. And, rebuilding the connection is often made more difficult as employees leave and retire, taking with them the tribal knowledge of how the original architecture was deployed.

Let’s evaluate some of these in the context of the return on investment (ROI) your organisation would achieve by deploying a connectivity as a service global payment hub.

Enhancing Controls

The most common vulnerabilities to fraud include technical, process and simple human mistakes – and, worst case scenario, internal collusion. All of these become significantly more vulnerable when corporations rely on internally built systems and processes that depend on human control workflows with multiple checkpoints.

Today’s fraudsters are more sophisticated, able to easily penetrate corporate infrastructure and pass internal human dependent control workflows. They utilize social networks to penetrate organisations with phishing schemes that include email, as well as deep fake voice simulation software via phone that can sound exactly like your CFO or CEO requesting payment execution.

The best payment hub solution will aid the human dependent controls with machine learning technology, bringing to their attention anomalies that they must further investigate. The solution must be able to keep up with technical assets at the fraudster’s disposal – for example, based on history alerts related to banking change and volume as well as OFAC exception. Payment hubs with machine learning capabilities have demonstrated the ability to reduce corporate fraud exposure by at least 70%.

Payment Connectivity Complexities

Global banking format customization requirements are extremely complex with very limited, if any, corporate tribal knowledge related to the technical architecture and deployment. Each bank has their own specific requirements. In many cases, there may even be differences of formats within the same bank depending on branch locations. The cost of building and maintaining payment connectivity infrastructure given the customization requirements can be in the millions of dollars.

Payment hubs eliminate this cost in several ways:

IT no longer has to manage bank connectivity with outsourced development and maintenance of bank payment formats to the hub solution. Developing this internally can take up to 9 months for each bank at a cost of up to $150K+ per bank, not including any ERP consultant fees. A payment hub solution will be able to deploy connectivity within weeks and provide 24/7/365 maintenance and support at a fraction of the cost.
Multiple systems that previously sent payments to banks can be consolidated down to one. IT will only have to manage one format which is to the payment hub.
Treasury can optimise banking services and remove duplication caused by the multitude of systems (including treasury and ERPs) that connected to the banks. This will standardise and enhance controls and auditability of internal workflows.

ERP Cloud Transformation

If you are considering an ERP cloud transformation or are in the process of the transition, all of the bank connectivity that is established in the current environment will have to be re-built. Given the considerations highlighted earlier tied to the complexities, re-building all of the connections internally will be costly and risk go-live.

Connectivity as a service with the right payment hub will de-risk and accelerate cloud transformation projects. In fact, payment hub solutions provide a more than 80% improvement in time-to-value related to payment go live. This return on investment is inclusive of internal man-hour efforts, external consultant fee elimination, as well as the speed of bank on boarding timelines from up to 9 months to only a few weeks.

In conclusion, payment hubs enhance controls and keep up with the ever-changing fraud environment, eliminate any risk tied to business continuity due to internal infrastructure or tribal knowledge, and finally enable a successful ERP cloud transformation deployment eliminating any risk to internal timelines or objectives.

Treasury Management during the COVID 19-crisis: Opportunities & Risks – Live Webinar

| 1-2-2021 | François de Witte | treasuryXL |

As a result of the COVID19, many companies are faced with cash & liquidity problems. How do you deal with this? What tools do you have available to manage this? How do you approach the stakeholders, including the banks for additional loans. Find out in upcoming event with the help of our Expert François de Witte. Continues in Dutch…

Deze opleiding heeft als doelstelling om inzicht te geven in:

de tools voor het cash & liquidity management en hoe ze te gebruiken;
hoe je bijkomende financiële ademruimte creëert: beheer van werkkapitaal – uitstel van kosten;
hoe je de banken benadert voor uitstel van aflossingen en/of bijkomende kredieten;
de inschatting van de risico’s en opportuniteiten van deze nieuwe situatie;
het opstellen van een concreet actieplan.

Doelgroep

De opleiding kan gevolgd worden door verschillende doelgroepen:

KMO relatiegelastigden van banken;
Financiëel verantwoordelijken van KMO’s en non profit organisaties;
Corporate Treasurers.

Vereiste voorkennis

Advanced level: biedt praktijkgerichte toepassingen op de reeds verworven theoretische kennis van de “basic level” opleidingen (uitdieping).

Programma

Inleiding: Belang van cash & liquidity management

Deel 1: Tools voor het beheer van cash & liquidity management van je onderneming:

Wat is mijn cash positie vandaag?
Cash forecast voor de komende dagen, of zelfs weken?
Beheer van werkkapitaal
Cash Burn Rate – Cash runway
Dagelijkse stuurgroep Cash Positie
Beheer van financiële risico’s

Deel 2: Tips voor het verbeteren van je cash positie:

Beheer van de klantenpost
Beheer van de voorraden
Beheer van je leveranciers
Uitstel van bepaalde uitgaven

Deel 3: Onderhandeling van uitstel vervaldagen of nieuwe kredieten bij de banken:

Kredietbeoordeling door banken: aandachtspunten
Wat is momenteel voorzien door de overheid, Febelfin en de bank community?
Hoe benadert je best de banken: tips en tricks voor je kredietdossier

Deel 4: Risico’s en opportuniteiten – Actieplan:

Risico’s en opportuniteiten
Tips & Tricks
Actieplan

Q & A – Coaching

Praktische Informatie

Datum: 01-03-2021
Tijd: 10u – 12u30
Duurtijd: 2u30 (met pauze tussenin)
Plaats: inloggen op online platform
Extra info: Via het online leerplatform kan u doorklikken naar de webinar. U vindt alle informatie onder de categorie ‘mijn planning’.

Verder hoeft u niets te downloaden. Om de webinar te kunnen volgen, heeft u nodig: een computer, een internetverbinding en de mogelijkheid om geluid af te spelen. U krijgt via uw scherm de lesgever en de presentatie te zien. U heeft ook de mogelijkheid om gedurende de hele webinar vragen te stellen.

Methodologie

Type opleiding: Webinar (korte online opleiding)

Opleidingsmateriaal:

PowerPoint presentatie

Totale Prijs

Leden: € 160
Niet-leden: € 180
Partner BZB: € 160
Incompany: op maat, prijzen op aanvraag

REGISTER TODAY

François de Witte

Search Frustrations of Treasury Managers

01-02-2021 | Treasurer Search |

Sometimes it’s good to check if your assumptions are right. We think we know what the bottlenecks are in finding treasury employees. But what do treasury hiring managers experience in their search? We created a survey and this is to inform you about the results. This survey is not so much about our services but about recruitment processes in general. Of course we use the results to check if we do a proper job.

We identified four important client employee groups that are included in treasury recruitment. The first is the hiring manager, for instance the group treasurer. She might include treasury staff members, the direct colleagues who will work with the new employee. This is the second group. The third group consists of HR specialists and internal recruiters, the fourth and last are group finance leaders like a CFO. The first two groups responded well so we will focus on their input.

The following statements summarize what treasurers tell us about recruitment for their team:

“I have a good understanding of my organisation, the tasks and what candidates should bring”
“Screening CVs and doing interviews I can do well but I would appreciate some support”
“Both quality as well as quantity of the candidates presented is often not sufficient”
“In most cases the recruitment process takes too long”

This is input we can work with. It emphasizes the importance of us doing thorough and continuous market research: who are the treasury experts, where do they work, what are their contact details, what is their search status? So as soon as the search starts, we are prepared. This is the biggest taks of half of our team. Building a presentation is often a matter of days or a week. But also, where are the bottlenecks in an average search process and what can we do about these? My personal observation is that this often is caused by hurdles in the coordination between groups. And to conclude, of course we will also create content that will help our clients in cv screening and interviews.

We will continue the survey and ask non-treasurers for their input. We expect they will need different support. What might be interesting and cannot be put in a short survey is the opinion of treasurers about the treasury expertise of their HR counterpart. Or what HR experts think about the interview skills of treasurers. A quick self-assessment only goes so far…

Informing each other about processes and frustrations remains important. As external recruiters we notice that each of the four groups mentioned needs different input. And the groups need to communicate among each other, as one can notice with input like “HR often confuses treasury with general finance” and “job titles do not tell the full story, look at the tasks”.

Let me conclude with what can frustrate us as recruiters. In the text box there were requests like “high quality treasurers with some experience” or “extrovert treasurers”. This reminds me of my time working in Germany. My recruitment colleagues would sigh and say their client instructed them to find a “eierlegende Wollmilchsau”: a pig that lays eggs, brings wool and milk. We can only do so much and luckily we can help most.

What does frustrate you in finding treasurers?

Pieter de Kiewit

Cashforce & TIS – Partnering Up to Deliver Best-of-Breed Technology

| 29-01-2021 | treasuryXL |

In July 2020, Cashforce, the “next generation” cash forecasting & working capital analytics company and TIS, well known as a leading bank connectivity & payments provider formed a strategic alliance. This collaboration provides a unique solution for corporates looking for a rich cash forecasting and payment experience with seamless integration to their banks and enterprise systems (ERP, TMS etc.).

Join the webinar with Nicolas Christiaen, CEO & Co-founder at Cashforce and Jörg Wiemer, CSO and Co-founder at TIS and get to know more about this best-of-breed approach and how this partnership can help you tackle your challenges in cash forecasting and corporate payments.

Register Here

Date and Time

Tuesday, March 2nd 2021
16:00-17:00

How can businesses protect their bottom line against the currency markets?

28-01-2021 | treasuryXL | XE |

Does your company have an exposure to foreign currencies? Wybe Schutte explains in below interview how business can tackle the complexity of FX.

AN INTRODUCTION TO

Wybe Schutte is head of Business Development Europe at XE.com. Wybe’s career has always centered around international business development and managing relationships. Within XE.com both play an important part as globally we XE is the trusted partner of many business in helping them manage & mitigate the risk that is associated with dealing with multiple currencies, be this through simple rate regulation or looking at high level currency risk management & hedging solutions.

We asked him 10 questions. Let’s go!

INTERVIEW

1. Can you tell something about XE and its mission?

At Xe, we live currencies. Most people know Xe from the currency converter, however we also provide international money transfer services for business for over 25 years. Xe’s Business Solutions supports company’s that have an exposure to foreign currency, supporting them to safeguard profit margins and improve cashflow through quantifying the FX risk they face and implementing strategies to mitigate it. So that our clients can focus on their core business and do not have to worry about their FX.

2.What kind of FX risk types exists and how does XE deal with it?

We look within each business to see where the currency risks are, and whether these can be offset. For example, any sales made in Euros could be offset against Euro costs. If there is still an exposure this is where products such as Forward Contracts can be considered in order to provide protection against the risk. Currency risk can be divided into three types: Transactional Risk, when a business deals in a country that differs to their base currency; Transnational Risk, when a business has an asset or liability overseas on their balance sheet, and Economic Risk where a movement in the exchange rate can give a business a competitive advantage when competing for a particular market.

3. How can you measure the different types of FX risk?

FX Risk can either have a negative or positive impact on a business’ bottom line. If you look back over the last 10 years you can understand what the potential impact could be in the most extreme, least extreme and average scenarios over your given timeline.

This can be done by looking at the high & low points of the market and a business’ FX exposure. This step helps companies to understand what the impact of the net exposure can have on the bottom line.

4. What are the most common critical FX problems that businesses have?

Businesses that have a transactional exposure to the currency markets can differentiate between committed and forecasted exposures. A committed exposure is when the price for a good or service in a foreign currency is known and contracted. Therefore, any movement in exchange rate has a direct impact on their profit or cost unless hedged. A forecasted exposure is when a business looks to the period beyond the committed period to see what their requirements may be. Confidence levels into forecasted periods can vary largely and it is normally the case that the further out a business forecasts, the lower the confidence levels.

5. How can businesses protect their bottom line against the currency markets?

There are a number of key stages that a business can look to follow in order to mitigate FX volatility. Firstly, Identify the type of risk, quantify the risk elements, and then look to build a strategy and agree the implementation process. These stages will allow you to decide the products that are most suitable, so you can then move to market timing and execution. Lastly, you should look to review, revise and adjust your approach on a regular basis. It is important to remember that it is not about market speculation but about mitigating your risk.

6. What is, in your perception, the biggest benefit of a working Foreign Exchange strategy?

Given the ever-uncertain world in which we currently live in, finance departments and treasury centres could be looking to build a strategy to deal with currency fluctuations, which over time could have a considerable impact on your company’s bottom line. A structured approach to foreign exchange risk can enable your business to make strategic planning decisions, rather than attempting to respond to day-to-day developments in the market.

7. Do you experience differences in FX before COVID19 and the time we live in now? What are the differences?

There has been significant movements in the currency markets during the Covid19 period and there are still many factors that influence the daily rates. During these uncertain times our clients are looking for certainty and stability. And although price is always important, other key factors like security and credibility became more important. Naturally each of our clients has been impacted very differently and we have worked with them to provide the solutions and flexibility they needed. We have welcomed many new clients from new geographies? as they were growing, and we supported existing clients that were growing or adapting their business models to suit the changing market.

8. The market is always changing, how does XE stay top of mind of the latest developments in the currency world?

We work closely with our clients to continuously understand their needs and adjust accordingly. Our expert Dealers keep a close eye out on the market. Understanding the movements, resistance levels, and key economic & political updates that can influence the market so that our clients do not have to worry about that. Xe also works closely with our sister companies and parent company Euronet Worldwide.

9. How does the future of FX look like in your perspective?

The near future could be set to weather extraordinary levels of balance sheet expansion and recession, potentially leading to a longer stimulative/expansionary monetary policy which could in turn depress currency rates of the countries that bear them. Near to medium term impacts of this could include a lack of major economic expansion as capital returns are often negative when factoring inflation. This may mean that we see a re-composition of FX strength toward commodity-based currencies (CAD/AUD/NZD) and alternative safe havens (CHF). However, we could see this shift in the longer term as public debt, in particular, becomes more tenable and attractive at such low interest rates and could invite broader investment for countries and to a degree private industry.

We have witnessed ample FX market volatility from an increased reliance on a more narrow data core. Inflation and interest rates and also public debt and balance sheet expansion narratives are having the most impact on rate movements. With this in mind; where much of the corrective forces required are formed around policies related to these key issues, it appears that volatility could behere to stay for at least the coming 6-12 months and beyond.

10. What has been your best experience ever in the world of currencies?

Supporting a scale-up with their complex FX requirements and enable them to grow their business in a short period of time by eliminating the FX risk and provide significant costs savings along the way.

About XE

At XE, they live currencies. XE provides a comprehensive range of currency services and products, including their Currency Converter, Market Analysis, Currency Data API and quick, easy, secure Money Transfers for individuals and businesses. They leverage technology to deliver these services through their website, mobile apps and over the phone.

Last year, XE helped nearly 300 million people access information about the currencies that matter to them and over 350,000 people used XE to send money overseas. Thousands of businesses relied on XE for information about the currency markets, advice on managing their foreign exchange risk or trusted XE with their business-critical international payments.

International Payments & FX Risk management for business

XE Business Solutions can help safeguard your profit margins and improve cashflow through quantifying the FX risk you face and implementing unique strategies to mitigate it. We provide a comprehensive range of currency services and products to help you access competitive rates with greater control.

At XE, they share the belief that behind every currency exchange, query or transaction is a person or business trying to accomplish something important, so XE works together to develop new and better currency services that put their customers first.

XE is proud to be part of Euronet Worldwide (Nasdaq: EEFT), a global leader in processing secure electronic financial transactions. XE is part of the Money Transfer Division of Euronet and is the unification of HiFX and XE.com.

Visit XE.com

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