Don Fenton

Conexus Credit Union has partnered with a Canadian company to offer foreign exchange risk management to the credit union’s business members.

Conexus announced Wednesday that it had partnered with EncoreFX.

“We help companies by developing a plan or policy to take some of the risk of foreign exchange,” said Matthew Gustavson, EncoreFX director of national partnerships.

He used the example of someone buying a million-dollar piece of equipment. When they order the equipment from the American man...

VICTORIA, British Columbia, July 30, 2018 (GLOBE NEWSWIRE) -- EncoreFX (www.encorefx.com), a leading provider of foreign exchange, global payments, and risk management products for corporations, announced today that it has successfully become a member of the global SWIFT network and will begin investigating integration with SWIFT’s global payments innovation (gpi) service.
EncoreFX is now a member of SWIFT, which is a member-owned cooperative that provides the communications platform, product...

As corporate treasurers grapple with the ever-increasing demands of their role in the enterprise, many of their new responsibilities involve complex management of finances, particularly when it comes to foreign exchange (FX) risk exposures — especially in today’s volatile times.

While the current global markets are labeled as particularly risky, FX volatility has always been a challenge for finance executives. Researchers suggest that treasurers are struggling to hedge against those risks and...

Canadian payments company EncoreFX has joined the SWIFT network to commence assessment of integration with the financial messaging solution provider’s global payments innovation (gpi) service.
SWIFT is a member-owned cooperative network linking more than 11,000 banking organisations, securities institutions, and corporate customers across more than 200 countries and territories.
The organisation facilitates secure exchange of automated, standardised financial information. This approach is sai...

WATERLOO — Foreign exchange specialist EncoreFX Inc. has opened an office in Waterloo.
The firm, headquartered in Victoria, has locations across Canada and in the United States, Australia and New Zealand. EncoreFX employs 160 people worldwide. The new Waterloo office currently has two employees but is expected to grow.
EncoreFX provides corporations with services including spot foreign exchange, global payments and risk management strategies. Last year, the company says it processed more than...