Fintech firm joins wholesale FX competition

FX startups are attempting to undercut incumbents with better technology and new features

Rylan Dawes.jpg
Rylan Dawes: “A key aim for us is to improve the status quo by building our own FX engine”
Airwallex

A Hong Kong-based financial technology startup is hiring engineers to build a foreign exchange pricing engine, joining the competition to offer wholesale FX to businesses.

The cross-border payments company, Airwallex, is the latest tech startup to challenge banks and multi-dealer platforms.

“A key aim for us is to improve the status quo by building our own FX engine, offering wholesale, competitive FX rates instead of the traditionally high, untransparent markups charged,” says Rylan Dawes,

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