SOURCE: INTL FCStone Inc.

INTL FCStone Inc.

April 25, 2017 08:00 ET

INTL FCStone Ltd's Global Payments Division Unveils Cross-Border Payments Intelligence Portal -- Global Payments Network

Portal leverages Company's vast correspondent banking network to provide industry-leading market intelligence on local market conditions that critically impact international payments and foreign exchange

LONDON, UNITED KINGDOM--(Marketwired - Apr 25, 2017) - INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd's Global Payments Division ("GPD" or "the Company") unveiled its proprietary cross-border payments intelligence portal -- the Global Payments Network ("GPN"). The comprehensive intelligence portal leverages GPD's relationships with global correspondent banks, regulators and other market participants in the developing world, to provide clients with access to market news and analysis that is critical to understanding those factors impacting cross-border payments and foreign exchange in markets across the globe. 

INTL FCStone Ltd's Global Payments Division maintains trusted relationships with approximately 300 local correspondent banks as well as government and regulatory bodies, and other participants across international markets. The Company's team members regularly liaise with these decision makers and gain "on-the-ground" intelligence to provide clients with unique insight into local market conditions, and thereby ensure efficient cross-border payments. The Global Payments Network provides this knowledge to clients via regional insights, global macroeconomic analysis, commodities and currencies commentary, and more, which is easily accessible in one location through the online portal on a real-time basis. Additionally, each country in the developing world has its own regulatory requirements that must be met, as well as economic and sociopolitical factors that must be considered, to successfully transact a cross-border payments execution. This critical intelligence is offered to all of the Company's clients through GPN and is unmatched in the scope of exotic markets and currencies that it covers, for which information is often difficult to ascertain from other sources.

Carsten Hils, Global Head of INTL FCStone Ltd's Global Payments Division, commented on today's news, "The Global Payments Division specializes in transferring funds to the developing world, and our success would not be possible without the critical intelligence sourced from the trusted relationships that we maintain with a variety of global partners -- the most essential of course is our trusted network of approximately 300 correspondent banks. The Global Payments Network provides our clients with all of this market-moving information through a single, comprehensive portal, ensuring that they are armed with the intelligence necessary to most effectively transact cross-border payments and understand foreign exchange considerations. We possess deep and unique knowledge of local markets because we liaise directly with global correspondent banks, regulators and other market participants as a core element of our innovative business model, and this knowledge equips our customers for success." 

INTL FCStone Ltd's Global Payments Division uniquely sources market-moving information for GPN through its "boots on the ground" approach. GPD team members regularly travel through Africa, Asia and Latin America, in both developed and developing countries, and source intelligence from local contacts. This proprietary information is only distributed via the Global Payments Network and the deep insights provided by the GPD team are crucial to understanding issues that could impact a given country's financial system, and thereby cross-border payments and foreign exchange operations. The platform offers intelligence critical to the operations of all GPD clients, including international aid and development organizations, non-governmental organizations, global financial institutions including more than half of the largest banks in the world, and multinational corporations.

Hils concluded, "With more than 20 years of experience in providing payments to the developing world, GPD has developed a global network of expert contacts which afford us industry-leading expertise and intelligence in local market conditions that are critical to the success of our clients' operations. The Global Payments Network provides clients with significant added value through this intelligence, which helps them to make educated decisions on how to process payments effectively. We look forward to onboarding additional clients to the Global Payments Network and to unveiling enhancements to the portal in the coming months."

About INTL FCStone Ltd
INTL FCStone Ltd ("IFL") is a wholly owned subsidiary of INTL FCStone Inc. ("INTL"). IFL is registered in England and Wales (5616586). IFL is authorised & regulated by the Financial Conduct Authority [FRN 446717]. INTL acts as Agent for IFL in New York. INTL Asia Pte Ltd acts as agent for IFL in Singapore. Any individual security mentioned in this presentation is subject to the following disclosure: This information is not meant to be viewed as analysis or opinion of any security. This information should not be taken as an offer or as a solicitation of an offer for the purchase or sale of any security or other financial instruments or as a recommendation to engage in any trading strategy. INTL FCStone Financial Inc. may have long or short positions in securities or related issues mentioned here.

INTL FCStone Inc., through its subsidiaries, is a leading provider of financial-services execution, risk management, market intelligence, and post-trade services across asset classes and markets around the world.

A Fortune 500 company with a nearly 100-year track record, the company focuses on providing products and services within the commodities, securities, foreign exchange and global payments sectors. INTL customers include the producers, processors and end users of virtually every major traded commodity; commercial counter parties; and governmental, nongovernmental and charitable organizations. The company also serves institutional investors, brokers, professional traders, CTA/CPOs, proprietary trading groups, commercial banks and major investment banks. Headquartered in New York City, the company is listed on the Nasdaq under the ticker symbol "INTL".

Further information on INTL FCStone is available at www.intlfcstone.com.

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Contact Information

  • Media Contact
    Jay A. Morakis
    M Group Strategic Communications (for INTL FCStone Ltd)
    +1 212 266 0191
    jmorakis@mgroupsc.com