GW Platt Foreign Exchange Bank Awards 2025: FX Tech Global Winners

A comprehensive foreign exchange (FX) risk management strategy combines tools and techniques to identify, measure and manage foreign exchange risks, enabling businesses to confidently navigate the complexities of the global market.

Cash is our award winner for Best TMS Provider with FX Module. Sandra Koch, vice president of risk solutions, says a holistic foreign exchange management strategy also relies heavily on accurate data and analytics.

PwC data shows that “62% of companies that successfully mitigated foreign exchange risk acknowledged having an integrated approach bringing together exposure identification, risk assessment and hedging in a single system,” says Koch. “GTreasury’s FX solution achieves this by giving treasury teams the power to consolidate exposure data, automate risk assessments and execute effective hedging strategies, all from a consistent interface . »

Investecwinner of the Best Foreign Exchange Trading Platform award, deploys a foreign exchange analysis tool within its Investec ix platform that allows clients to assess their exposure, identifying risks and opportunities. A FX Hedging Analysis tool further helps clients assess the completeness of their hedges, providing them with complete control and monitoring over positions held by Investec as well as positions not held by Investec.

Citi Speed is the winner of three awards: Best End-to-End Processing, Best Data and Analytics Platform, and Best Position Overview – and offers extensive data coverage, including a wide range of market data including equities, fixed income, currencies, commodities and derivatives. An advanced analytics tool like this can help users better understand market trends and make more informed investment decisions. Users can also customize their workspaces based on their specific needs and preferences.

“Clients continue to look for ways to optimize their execution and how they source liquidity,” says Ayesa Latif, global head of FX products at Citi. “They demand fully integrated workflow solutions with real-time pre- and post-transaction insights to improve their decision-making. Investment in our technology and architecture remains our key priority as we strive to meet our customers’ complex needs with simple, elegant solutions.

Algorithms using artificial intelligence (AI) and machine learning execute trades at optimal times while analyzing historical data to identify patterns and make informed decisions.

DBSdouble awarded as Most Innovative Bank in FX as well as Best AI/Machine Learning FX Tool, first deployed an AI and machine learning hyper-personalization tool across its business treasury and markets. The service, called Hi-P, helps the bank’s sales team engage many customers at scale, providing personalized recommendations based on individuals’ profiles and needs. Hi-P also provides deviation monitoring, sending push notifications if a customer’s behavior falls outside a predefined range.

LSEG (formerly Refinitiv) wins Best FX Data and Analytics Instrument. LSEG has a comprehensive data and analytics platform for financial professionals. It includes powerful analysis tools and customizable workspaces, with extensive data coverage across all asset classes, including currencies.

In April, Bloomberg—winner of Best ESG Investing Research Provider—launched a sustainability screening tool on the Bloomberg Terminal that allows investors to enter their own precise thresholds from three categories: sustainability goals, exclusion or “lack of sustainability” criteria. harm” and requirements of good governance. Based on Bloomberg’s extensive range of company ESG data, metrics and proprietary scores, it calculates a percentage that reveals how well the portfolio, fund or index is aligned with the user’s criteria. The tool provides a detailed list view of all funds, to detect outliers.

J.P. Morganwhich wins both Best Execution Algorithms and Best DeFi Crypto FX Platform awards, uses innovative technologies to execute trades effectively and efficiently. This includes the Kinexys by JP Morgan (formerly Onyx) unit, focused on tokenization and blockchain. For several years, Kinexys collaborated on the Project Guardian pilot, an industry initiative led by the Monetary Authority of Singapore to explore the use of fund and asset tokenization. Two years ago, JP Morgan executed the first live DeFi multi-currency transaction on a public blockchain (Singapore dollars/Japanese yen).

Naveen Mallela, global co-head of Kinexys by JP Morgan, says tokenization is transforming record keeping. “It’s less about assets and currencies; it involves introducing new accounting systems. It’s basically about introducing programmable digital registers,” he explains.

Kinexys Digital Payments now integrates with JP Morgan FX Services to enable foreign exchange settlement on the blockchain, initially in US Dollars and Euros, with plans to expand to more currencies. Starting in the first quarter of 2025, clients will be able to execute FX transactions and settlements in near real-time by connecting to JP Morgan’s global FX platform, reducing FX settlement risk and accelerating transaction settlements.

Winner of the most innovative non-bank solution for foreign exchange and also the best foreign exchange solution for payments, Corpay cross-border solutions provides support for a range of payment needs, from small remittances to the large sums needed to complete merger and acquisition transactions. Recent tailor-made solutions have been developed for specific industries, including funds, financial institutions, education, renewable energy, and sports and entertainment. Other customizable solutions include a white label option that allows partners to offer Corpay’s fully integrated payment engine solution, delivered via an application programming interface.

BBVAwhich won two awards, for Best Banking Digital FX Platform (Overall) and Best SME FX Solution, has created different FX platforms to meet the diverse needs of wholesale and retail customers. An application tailor-made for SMEs (small and medium-sized businesses) is currently available in Peru, Colombia, Spain and Mexico. The app helps these businesses hedge their foreign exchange exposure, order international transfers and receive foreign exchange market alerts, with a user experience (UX) focused on user habits and needs. “At BBVA we see the SME customer segment as key and with enormous potential,” says Luis Martins, Head of Global Macro at BBVA. “That’s why we’ve made the FX product available on an international platform, with the aim of delivering a global, best-in-class UX to our SME customers.”

Cloud-based solutions bring both scalability and accessibility to FX. MUFG Investor Serviceswhich wins the Best FX Trading Solution award, offers a fully automated, flexible, cloud-based solution that provides an outsourced, non-discretionary, rules-based hedging service to help clients mitigate FX exposures within a portfolio or hedged share classes.

Kyribaour winner for Best Cloud Technology FX Solution, provides a comprehensive cloud-based treasury management platform with robust FX capabilities and advanced analytics and reporting tools.

Global FISwhich won the award for best FX Regtech tool, developed Investment Risk Manager. The tool provides a holistic view of multi-asset trading, portfolio management and investment risk. FIS Trading Compliance Manager presents a complete view of an order lifecycle, meeting all trading compliance needs in one solution.

Technology has revolutionized the way businesses manage foreign exchange risk. In 2025, expect to see more advanced forecasting tools, such as AI-driven analysis of large amounts of data to more accurately predict future currency movements, and modeling of different economic scenarios to assess potential risks and opportunities.

Real-time monitoring and alerting systems will continue to help identify potential risks and opportunities and improve decision-making, while automated and advanced hedging techniques using algorithms to automatically execute hedging strategies will enable sophisticated strategies using options and futures for managing complex risk profiles.

Blockchain will gain popularity to provide security and transparency in cross-border payments, while automated smart contracts will reduce the risk of errors and delays in contract execution and payment processing.

Increased volatility due to geopolitical tensions, economic uncertainties and central bank policy changes will continue to play a significant role in shaping foreign exchange markets and their impact on currency valuations. Applying advanced technologies such as AI and machine learning to improve decision-making and risk management will be key to meeting these challenges.