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How to Spot and Prevent Invoice Fraud in Cross-Border Payments

Cross-border payments are an essential part of international trade, allowing businesses to pay suppliers, partners, and service providers overseas. However, with increased global transactions, the risk of invoice fraud has also increased. Fraudsters manipulate invoices to redirect payment to unintended accounts, leading to massive business losses. It is necessary to understand how to detect and […]
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How to Send Large Business Payments Abroad Securely

In the global economy today, companies tend to make cross-border payments for overseas suppliers, outsourcing services, or foreign market entry. However, big business international payments do not come without security risks, excessive fees, and regulatory challenges. Ensuring business continuity and financial efficiency is critical through safe and cost-effective international payments. This guide explains the best […]
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How to Pay Global Suppliers Without Losing Money in FX Fees

Businesses in the UK depend on foreign suppliers for goods, services, and raw materials in the current globalised economy. However, bank fees, poor exchange rates, and hidden FX fees can make cross-border payments expensive. These expenses have the potential to damage cash flow and can lower profitability if it is managed improperly. Inflated exchange rate […]
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How UK Manufacturing SMEs Can Secure International Funding & Manage FX Risks with KeyFX

The UK manufacturing industry has traditionally been one of the prime drivers of economic development, accounting for a substantial share of exports and jobs. But for small and medium-sized manufacturers (SMEs), growth in international markets is fraught with financial obstacles, such as access to funds and foreign exchange (FX) risk management. SMEs in this industry […]
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Why Sustainable Payment Solutions Matter for SMEs in Global Trade

Through global trade, SMEs now have more accessible opportunities to establish international market ventures. However, as businesses expand their global reach, they often overlook the hidden environmental costs associated with international transactions. Despite the benefits of global expansion, traditional banking methods and paper-heavy payment processes consume excessive energy and contribute to environmental degradation during cross-border […]
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Over 140,000 Business Accounts Closed by Major Banks: A Growing Concern for UK Businesses

Recent figures from the UK Treasury Committee highlight a worrisome trend in the financial sector: over 140,000 business accounts were closed by major banks in 2023. This surge in “de-banking” has sparked concerns about the accessibility and dependability of banking services, particularly for small and medium-sized enterprises (SMEs), which are among the hardest hit. De-banking: […]
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a bustling bank exchange hall filled with people engaged in animated conversations against a backdrop of sleek, modern architecture and vibrant currency displays.

Comparing Banks to Exchange: What You Need to Know

 Are you unsure whether to use a traditional bank or an exchange service for your foreign transactions? Understanding the key differences between banks and exchanges is essential for making informed financial decisions. This article will explore the security measures, convenience, fees, and currency support offered by both institutions. By the end, you will know […]
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