- Corpay, which is a cross-border payments solution provider, has announced the arrival of its new foreign exchange risk exposure management tool.
- The firm, which is owned by FLEETCOR, said that the C.A.S.E. methodology – as the new solution will be known – will give customers what they need to make effective decisions about mitigation strategies.
- “Providing our clients with access to decades’ worth of FX experience and data, along with adaptable technology, can help clients as they seek to protect themselves from potential currency market risks,” said a spokesperson for Corpay.
Corpay, a leading provider of integrated cross-border payments solutions, has announced that it will offer a new FX risk exposure management tool.
Corpay, which is owned by FLEETCOR and listed on the New York Stock Exchange, is presenting its C.A.S.E. methodology to the market.
C.A.S.E. is designed to help customers acquire and put into numbers the data they need to reduce the risk when it comes to forex transactions.
This, in turn, can help the customer ensure that they have appropriate mitigation strategies in place as they manage this risk.
In a statement, a senior figure at Corpay Cross-Border said that the company was excited about the development.
Jim Kessler, who is the vice president of Currency Risk Analytics, said that there would be multiple benefits for clients of the firm.
“We’re incredibly excited to provide our clients with a cost-effective tool to help them tailored their FX strategy that will help allow clients to capture, quantify and mitigate FX risk without the need for expensive technology,” he said.
He went on to say that customers will be able to tap into many years’ worth of experience in the foreign exchange world once they take up the new system.
“Providing our clients with access to decades’ worth of FX experience and data, along with adaptable technology, can help clients as they seek to protect themselves from potential currency market risks, and can also help them to hone an effective strategy that evolves with their needs,” he explained.
A different spokesperson for Corpay Cross-Border Solutions raised some different points.
Mark Frey, who is Corpay’s president, said that firms that were just starting out in their global growth journeys might find that forex risk was hard to manage.
“For business that are just starting to trade internationally or expanding to new markets, managing exposure and mitigating risk can be a very cumbersome and involved process,” he explained.
He added that the firm was looking forward to helping businesses reach their goals.
“We are incredibly proud that we are able to provide businesses with the capabilities and simplified tools to help them as they navigate market complexities, and we look forward to helping more businesses execute strategies tailored to their goals,” he said.
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