LONDON, June 7, 2017 /PRNewswire/ -- INTL FCStone Inc.
(NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd's
Global Payments Division ("GPD" or "the Company") has joined the
SWIFT global payments innovation (gpi) initiative.
SWIFT gpi is a partnership of more than 110 leading global
banks, which bring together their unique expertise in an effort to
solve those issues currently impacting global payments, and to
promote innovation for cross-border transactions. The
initiative's mission is to transform the international payments
landscape as new technologies emerge, and thereby to facilitate the
acceleration of global trade.
Carsten Hils, Global Head of INTL
FCStone Ltd's Global Payments Division, commented on today's news,
"We are honored to help pave the way for the non-bank community to
participate in SWIFT gpi, and plan to utilize our unique expertise
to promote greater speed, transparency, and predictability for
cross-border payments. SWIFT has taken a leadership position
in enhancing cross-border transactions and bringing together over
110 leading global banks, in order to improve business operations
and supplier relationships, and achieve greater treasury
efficiencies."
INTL FCStone Ltd's Global Payments Division has joined as a
non-bank gpi participant due to its specialization in transferring
funds in local currency to the developing world on behalf of many
of the world's leading banks. GPD offers cross-border
payments solutions to global financial institutions including eight
of the top ten in the Euromoney 2017 survey of FX Market Share, in
addition to international aid and development organizations,
non-governmental organizations, and multinational corporations.
Steve Gilderdale, Head of UK,
Ireland and Nordics at SWIFT,
concluded, "We are pleased to welcome INTL FCStone Ltd to SWIFT
gpi. As one of the first non-bank participants, INTL FCStone is
paving the way for others, helping to further extend our reach
across additional payment channels. I would like to thank them for
their participation and for the added value they will bring to the
initiative."
INTL FCStone Ltd's Global Payments Division allows clients to
execute payments in more than 175 countries and 140 currencies
through its global network of approximately 300 correspondent
banks, and leverages this network to provide industry-leading
intelligence on local market conditions that critically impact
international payments and foreign exchange. GPD team members
regularly liaise with global government and regulatory bodies, as
well as other decision makers and market participants, to source
proprietary intelligence that provides clients with unique insights
into local market conditions.
About INTL FCStone Ltd
INTL FCStone Ltd ("IFL") is a
wholly owned subsidiary of INTL FCStone Inc. ("INTL"). IFL is
registered in England and
Wales (5616586). IFL is authorised
& regulated by the Financial Conduct Authority [FRN 446717].
INTL acts as Agent for IFL in New
York. INTL Asia Pte Ltd acts as agent for IFL in
Singapore. Any individual security
mentioned in this presentation is subject to the following
disclosure: This information is not meant to be viewed as analysis
or opinion of any security. This information should not be taken as
an offer or as a solicitation of an offer for the purchase or sale
of any security or other financial instruments or as a
recommendation to engage in any trading strategy. INTL FCStone
Financial Inc. may have long or short positions in securities or
related issues mentioned here.
INTL FCStone Inc., through its subsidiaries, is a leading
provider of execution, risk management and advisory services,
market intelligence, and clearing services across asset classes and
markets around the world.
Serving more than 20,000 customers in 130 countries on five
continents, the company provides products and services across five
market segments: commercial hedging, global payments, securities,
physical commodities, and clearing and execution services. Our
customers include the producers, processors and end users of
virtually every major traded commodity, as well as asset managers,
introducing broker-dealers, insurance companies, brokers,
institutional and retail investors, commercial and investment
banks, and governmental, non-governmental and charitable
organizations. A Fortune 500 company headquartered in New York City, the company is listed on the
Nasdaq under the ticker symbol "INTL".
Further information on INTL is available
at www.intlfcstone.com.
Media Contact
Jay A.
Morakis
M Group Strategic Communications (for INTL FCStone Ltd)
+1 212 266 0191
jmorakis@mgroupsc.com
INTL-G
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SOURCE INTL FCStone Inc.