Worldwide Finance Awards 2020

44 Acquisition International - 2020 Worldwide Finance Awards or companies or individuals who need to exchange currencies and move money globally, the importance of Global Foreign Exchange Providers such as Frank eXchange cannot be overstated. They can offer foreign exchange and international payments services that are second to none. Many people make use of what Frank eXchange has to offer. Companies who import or export, have overseas payroll or expenses, overseas parent of subsidiary companies and need to exchange currency and pay because of that are a crucial market alongside people buying or selling properties overseas, or who have moved overseas and need their pensions changing to the local currency. It’s an industry that has a great deal of range within it and covers a lot of different people. To ensure that the team are always at the forefront of the Foreign Exchange market Foreign eXchange and International Payments services for Frank eXchange are provided by The Currency Cloud. They are the Financial Conduct Authority registered and regulated as well as being a market leader who can keep Frank eXchange one step ahead of the competition. While only being formed in 2012, the team at Frank eXchange have seen the business grow steadily year on year. 2020 has presented several unique challenges in the form of Covid-19 and Brexit. In an otherwise buoyant market, customers might stop buying and selling in other countries as the full impact of these events come to pass. This would impact the turnover of the firm immeasurably. The forex market is the most liquid market in the world. Upwards of trillions of dollars change hands every day. To keep a firm footing in the financial industry, it pays to work with a provider who can hold their own in such a turbulent market. The team at Frank eXchange have years of expertise doing just that. We profile them in light of their success. Global Foreign Exchange Provider of the Year 2020 - UK F That said, 2020 has been the team’s most successful year to date, with the company growing by 130% in 2020. This is a credit to the team’s exceptional talent for customer retention driven by a transparent, simple and efficient service. At every stage of a transaction, Frank eXchange aims to show all the charges made that banks and other providers are liable to hide in their exchange rates. When visiting a bureau de change to get currency for holiday money, the difference between the “we buy at” and “we sell at” prices on the board are the margins on which the foreign exchange companies make their money. At a bank or FX provider who is exchanging thousands or millions of pounds for deliverable goods and services, it is normal to see the rate that the provider is offering. There is no sign of how competitive this is or what the margin is. Frank eXchange aims to show its clients can see exactly how much they take for themselves. Looking ahead, the team are hoping to expand their apprentice team, known internally as Business Development Executives as well as the team of Business Development Directors to support their expansion. These positions are based remotely around the UK and contain within them the potential to share in the asset value of the business. This opportunity is open to all who work for Frank eXchange. Transparency in one of the world’s most liquid and large markets is not a common sight, but one which the team at Frank eXchange are aiming to make into the norm. It’s a credit to the team who have performed wonders making the business into such a success. Company: Frank eXchange Limited Name: John Hall Web Address: www.frank-exchange.com Payment services for Frank eXchange limited is provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199).