AbbeyCross Introduces EM FX Pricing Solution for Crypto Institutions: A Game-Changer for Coin Trading


AbbeyCross Unveils Innovative EM FX Pricing Solution for Financial Institutions

AbbeyCross, a specialist in the FX and payments landscape for Emerging Markets (EM), has launched ABX Studio, an innovative solution providing emerging market FX pricing data directly from multiple EM payments providers. This new tool enhances price discovery and comparison, supporting deliverable payments to emerging markets. The first US Tier 1 bank client has also been welcomed on the ABX Studio.

AbbeyCross’s ABX Studio aims to revolutionize the way commercial banks, Money Services Businesses (MSBs), non-governmental organizations (NGOs), and international charities operate in the world’s emerging markets.

ABX Studio: A Game-Changer for Banks, MSBs, NGOs, and Charities

ABX Studio is the first solution to go live on the ABX Platform, developed specifically to address the challenges faced today by commercial banks, MSBs, NGOs, and international charities operating in the world’s emerging markets. The platform aims to provide these organizations with a single access point to accurate and transparent EM FX payment pricing sourced directly from multiple payment partners.

Addressing the Challenges of Emerging Markets Payments

Historically, commercial banks have suffered from a lack of choice when addressing emerging markets payments, often limited to one FX rate provider. This limitation harms margins, limits services to their clients, and creates compliance risks. MSBs, NGOs, and Charitable Trusts face similar challenges, along with a heightened need for pricing transparency for governance purposes. ABX Studio aims to address these issues by allowing users to view and compare real-time and historic deliverable FX rates from multiple payment providers, benchmark existing payment providers against the wider market, and address regulatory and supervisory challenges with independent verification of payment-relevant EM FX execution rates.

Unparalleled Access to Real-Time and Historic FX Rate Data

AbbeyCross’s leadership team has expressed excitement and optimism about the launch of ABX Studio. Mike Robertson, CEO and Co-Founder at AbbeyCross, sees this as a major milestone in their journey to optimize and improve the outdated and inefficient emerging markets FX payments ecosystem. Olann Kerrison, Chief Commercial Officer at AbbeyCross, echoed these sentiments, stating that all user types – from commercial banks to global charities – can now benefit from unparalleled access to real-time and historic FX rate data from leading payment partners.

Conclusion

With the launch of ABX Studio, AbbeyCross has taken a significant step towards revolutionizing the FX and payments landscape for Emerging Markets. By providing a single access point to accurate and transparent EM FX payment pricing, the platform promises to enhance price discovery, improve decision-making, and ultimately result in better outcomes for banks, MSBs, NGOs, and charities operating in emerging markets.

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Marisol Navaro
Marisol Navarohttps://en.coinotag.com/
Marisol Navaro is a young 21-year-old writer who is passionate about following in Satoshi's footsteps in the cryptocurrency industry. With a drive to learn and understand the latest trends and developments, Marisol provides fresh insights and perspectives on the world of cryptocurrency.
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