Noble launches its first FX product

Noble FX provides real-time settlement and aims to solve the credit gap through peer-to-peer connectivity

Software technology
Hot topic: "A lot of people are looking at technology to help address these issues, but technology doesn't change the status quo" - John Betts, Noble

Noble Bank International (Noble) has launched its first foreign exchange product, Noble FX, in an attempt to provide a utility that allows for the real-time clearing, netting and settlement of spot foreign exchange and precious metals.

Noble is a non-fractional reserve bank, which means it doesn’t lend or use client assets for its own purposes. Instead, those assets are legally segregated in the client’s name and bankruptcy remote, according to Noble. The Puerto Rico-based bank is regulated und