Emerging Trends and Challenges
FTPartnersResearch-GlobalMoneyTransferTrends
FTPartnersResearch-GlobalMoneyTransferTrends
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“International Payment Specialists”<br />
Selected Company Profiles (cont.)<br />
Products & Services Overview<br />
SMB Solutions<br />
Company Overview<br />
CEO:<br />
Headquarters:<br />
Tim Cote<br />
Providence, RI<br />
Founded: 1997<br />
• Commonwealth Foreign Exchange provides foreign exchange<br />
services for corporate clients around the world<br />
• The Company’s U.S. offices h<strong>and</strong>le transactions for nearly<br />
8,000 corporate accounts, ranging from financial institutions to<br />
multinational corporations, <strong>and</strong> small businesses to sole<br />
proprietorships<br />
Client Services<br />
• Dedicated account<br />
manager<br />
• Market analysis<br />
• Risk management<br />
tools<br />
Outgoing<br />
Payment<br />
Processing<br />
• Pay suppliers or<br />
beneficiaries in<br />
their foreign<br />
currency<br />
Enterprise <strong>and</strong> Treasury Solutions<br />
Incoming<br />
Payment<br />
Processing<br />
• Makes it easy to<br />
accept foreign<br />
currency <strong>and</strong><br />
convert into USD<br />
• The Company strives to offer its clients with consistent,<br />
competitive pricing, risk management solutions <strong>and</strong> fast<br />
deliveries on cash market spot transactions <strong>and</strong> cash forward<br />
transactions<br />
• Commonwealth’s online corporate foreign exchange platform<br />
– CFXonline – brings real-time exchange rates directly to its<br />
clients’ desktops<br />
• Provides industry solutions to the following sectors:<br />
‒ Technology<br />
‒ Corporate Services<br />
‒ Transportation<br />
‒ Food & Beverage<br />
‒ Machinery & Equipment<br />
‒ Lifestyle<br />
‒ Non-Profits<br />
Source: Company website, FT Partners proprietary database, Capital IQ, Crunchbase.<br />
FX Strategy &<br />
Consulting<br />
• Personalized<br />
strategies to<br />
address payment<br />
processing <strong>and</strong><br />
foreign exchange<br />
needs<br />
• Offers a dedicated<br />
account manager<br />
International<br />
Payment<br />
Processing<br />
• Transfer services<br />
with 90+ different<br />
currencies<br />
• Provides foreign<br />
bank draft to<br />
clients<br />
• Offers an online<br />
portal for<br />
enterprise usage<br />
Risk Management<br />
• Offers a full range<br />
of products that<br />
allow companies to<br />
better predict cash<br />
flows <strong>and</strong> minimize<br />
the risk of market<br />
price changes<br />
• Provides maximum<br />
flexibility in forward<br />
contracts<br />
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