TORONTO, ONTARIO--(Marketwired - Dec. 4, 2013) - Cambridge Mercantile Group, a leader in corporate foreign exchange and global payments, is proud to announce it has been granted the Global Financial Market Review (GFM) award for Most Innovative FX Platform in North America 2013.
The Global Financial Market Review is a leading online publication based in the UK with an annual readership of over 40 million. Considered a leading light in the financial world, the GFM awards recognize companies and institutions for their achievement with new products, innovation, excellent customer care, outstanding leadership and market penetration.
Cambridge Online, the firm's industry leading foreign exchange platform, was launched in 2009 following the financial crisis with the aim to provide a greater level of security and efficiency to clients. The system was designed to handle simple transactions like those with ezTrade and ezPay, to more sophisticated transactions including file uploads and multi-enterprise solutions. The ezTrade and ezPay features were well received by clients in North America and helped boost Cambridge's overall revenues over the past four years. The company has since begun to regionalize the online service for better compatibility with systems and regulatory requirements in areas such as the UK and Australia.
As Cambridge pushes forward into new verticals and markets, it is vigilant in listening to client feedback, which has allowed the company to better tailor the technology to customers' needs. In addition, Cambridge has been proactive in developing the highest level security and compliance tools in response to the changing regulatory environment created by such controls as those in the Dodd-Frank Act.
"It's rewarding to receive an industry recognition in an area where we feel we are consistently pushing the bar of excellence," said Bernard Heitner, President and Chief Executive Officer of Cambridge Mercantile. "Since it was initialized, the Cambridge Online platform has been a robust solution, streamlining and simplifying the FX processes for our clients and providing them with superior risk management. We continue to be relentless in delivering new enhancements to our products to better perfect the user experience."
About Cambridge Mercantile Group
Since its inception in 1992, Cambridge Mercantile Group has grown to become a leading provider of global payments and currency risk management solutions. With more than 14,000 clients worldwide, Cambridge is among the largest bank-independent providers of hedging and risk management products, powered by technologies widely regarded as industry leading. Cambridge delivers a superior level of service to clients through extensive knowledge of foreign exchange and award-winning operational capabilities, supported by an experienced trading, account management and consultative sales team. With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of over $20 billion annually. For more information, visit www.cambridgefx.com.