Citi and PAObank have partnered to enable PAObank to offer a real-time foreign exchange (FX) service for its retail customers. The service allows transactions in Hong Kong dollars, US dollars, and Renminbi on a 24/7 basis, with plans to extend it to additional currencies. While the service is supported by Citi’s platform, it is provided [...] The post PAObank Launches Real-Time FX Service in Partnership with Citi appeared first on Fintech Hong Kong.Citi and PAObank have partnered to enable PAObank to offer a real-time foreign exchange (FX) service for its retail customers. The service allows transactions in Hong Kong dollars, US dollars, and Renminbi on a 24/7 basis, with plans to extend it to additional currencies. While the service is supported by Citi’s platform, it is provided [...] The post PAObank Launches Real-Time FX Service in Partnership with Citi appeared first on Fintech Hong Kong.

PAObank Launches Real-Time FX Service in Partnership with Citi

Citi and PAObank have partnered to enable PAObank to offer a real-time foreign exchange (FX) service for its retail customers.

The service allows transactions in Hong Kong dollars, US dollars, and Renminbi on a 24/7 basis, with plans to extend it to additional currencies.

While the service is supported by Citi’s platform, it is provided directly by PAObank to its end customers.

Through Citi’s FX API (Application Programming Interface), PAObank can allow retail customers to conduct FX transactions via its Mobile Banking App.

The system fully automates the process, debiting and crediting customer accounts in real time.

Citi’s FX API plugs directly into clients’ existing systems and processes.

It provides access to over 100 currencies, allowing institutions to offer FX services without developing their own infrastructure or in-house FX trading capabilities.

Darren BrightonDarren Brighton

said Darren Brighton, Global Head of Digital FX Sales at Citi.

Kenneth Tsoi, Head of General Banking Product at PAObank, said:

The partnership provides PAObank with access to Citi’s FX capabilities while allowing the bank to offer direct services to its retail customers.

Featured image credit: Edited by Fintech News Hong Kong, based on image by lifeforstock via Freepik

The post PAObank Launches Real-Time FX Service in Partnership with Citi appeared first on Fintech Hong Kong.

Piyasa Fırsatı
RealLink Logosu
RealLink Fiyatı(REAL)
$0.07264
$0.07264$0.07264
-0.80%
USD
RealLink (REAL) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Woodway Assurance receives $1 million in funding for data privacy assurance solution EviData

Woodway Assurance receives $1 million in funding for data privacy assurance solution EviData

OTTAWA, ON, Dec. 17, 2025 /PRNewswire/ – New Canadian technology company Woodway Assurance is proud to announce that it has closed an oversubscribed seed funding
Paylaş
AI Journal2025/12/17 23:16
OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

OpenVPP accused of falsely advertising cooperation with the US government; SEC commissioner clarifies no involvement

PANews reported on September 17th that on-chain sleuth ZachXBT tweeted that OpenVPP ( $OVPP ) announced this week that it was collaborating with the US government to advance energy tokenization. SEC Commissioner Hester Peirce subsequently responded, stating that the company does not collaborate with or endorse any private crypto projects. The OpenVPP team subsequently hid the response. Several crypto influencers have participated in promoting the project, and the accounts involved have been questioned as typical influencer accounts.
Paylaş
PANews2025/09/17 23:58
BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Paylaş
BitcoinEthereumNews2025/09/18 01:44