Metro Bank has expanded its foreign exchange offering for Corporate and Commercial customers with the launch of an FX Forwards service — built on Equals Money's embedded finance infrastructure and delivered under Metro Bank's own brand.
The service lets businesses lock in exchange rates for future transactions, providing a practical hedge against currency volatility when trading internationally. It complements Metro Bank's existing FX products and is aimed at companies with regular cross-border payment activity.
Key Features
Lock in exchange rates in advance to eliminate uncertainty on future payables and receivables
Streamlined digital platform branded under Metro Bank
Backed by Equals Money's specialist FX expertise and technology
Supported by Metro Bank's dedicated relationship managers
Accessible via existing Relationship Management teams
The partnership reflects a growing trend in UK banking: rather than building proprietary FX infrastructure, Metro Bank leveraged Equals Money's platform to bring a new product to market quickly and efficiently.
Andy Veares, MD of Commercial and Corporate Banking at Metro Bank, said: "We've responded to customer demand with a product designed to help businesses that trade in foreign currencies, as well as to support them to compete and expand internationally."
Ian Strafford-Taylor, CEO of Equals Money, added: "Powering Metro Bank's new FX Forwards capability is exactly what our embedded finance platform is designed for: delivering tier 1 infrastructure with fintech-level user experience."