GW Platt Foreign Exchange Bank Awards 2025: Global FX Tech Winners

A comprehensive foreign exchange (FX) risk management strategy combines tools and techniques to identify, measure and manage foreign exchange risk, allowing businesses to confidently navigate the complexities of the global marketplace.

GTtreasury is our winner in the category “Best TMS Provider with FX Module”. Sandra Koch, vice president of risk management solutions, says a holistic FX strategy also relies heavily on accurate data and analytics.

PwC data shows that “62% of companies that have successfully mitigated foreign exchange risk noted that they used an integrated approach that combined risk identification, risk assessment and hedging in one system,” says Koch. “GTreasury’s FX solution achieves this goal by empowering treasury teams to consolidate risk data, automate risk assessments and implement effective hedging strategies – all from one cohesive interface.”

Investekwinner of the Best Forex Trading Platform award, is introducing a currency analytics tool on its Investec ix platform, which allows clients to assess their exposure by identifying risks and opportunities. The Currency Hedge Analytics tool further helps clients assess the comprehensiveness of their hedges by providing them with full control and oversight of Investec-owned as well as non-Investec-owned positions.

City Speed is the winner of three awards – Best End-to-End Processing, Best Data and Analytics Platform and Best Overall Position View – and provides extensive data coverage, covering a wide range of market data including equities, fixed income, currencies, commodities and derivatives. Such an advanced analytical tool can help users gain a deeper understanding of market trends and make more informed investment decisions. Users can also customize their workspace according to their needs and preferences.

“Clients continue to look for ways to optimize their operations and sources of liquidity,” explains Ayesa Latif, global head of FX products at Citi. “They require fully integrated workflow solutions with real-time pre- and post-trade information to improve decision making. Investment in our technology and architecture remains our key priority as we strive to meet the complex needs of our customers with simple and elegant solutions.”

Algorithms using artificial intelligence (AI) and machine learning execute trades at optimal times, analyzing historical data to identify patterns and make informed decisions.

DBSwinner of the double award in the categories “Most Innovative Bank in the Forex Market”, as well as in the category “Best Artificial Intelligence and Machine Learning Tool for the Foreign Exchange Market”, pioneered the use of a hyper-personalization tool for artificial intelligence and machine learning in its treasury and market divisions. The service, called Hi-P, helps the bank’s corporate sales team attract large numbers of clients by providing personalized recommendations based on individuals’ profiles and needs. Hi-P also provides anomaly monitoring by sending push notifications if customer behavior falls outside a predefined range.

LSEG (formerly Refinitiv) wins Best FX Data & Analytics Tool. LSEG boasts a comprehensive data and analytics platform for financial professionals. It includes powerful analytical tools and customizable workspaces with extensive data coverage across all asset classes, including foreign exchange.

In April Bloomberg— winner of the Best ESG Investment Research Provider — has launched a sustainability screening tool on the Bloomberg Terminal that allows investors to enter their own precise thresholds from three categories: sustainability goals, exclusion or “no-harm” criteria, and good governance requirements. Based on the company’s extensive set of ESG data and its own metrics and ratings, Bloomberg calculates a percentage that shows how much of a portfolio, fund or index meets a user’s criteria. The tool provides a detailed list of all outlier detection assets.

JP Morganwhich wins awards for the best execution algorithms and the best DeFi Crypto FX platform, uses innovative technologies to execute trades efficiently and effectively. This includes the tokenization and blockchain division of Kinexys by JP Morgan (formerly Onyx). For several years, Kinexys has been involved in a pilot project called Project Guardian, an industry initiative led by the Monetary Authority of Singapore to explore the use of fund and asset tokenization. Two years ago, JP Morgan completed the first live cross-currency DeFi trade on a public blockchain (Singapore Dollar/Japanese Yen).

Naveen Malela, global co-head of JP Morgan’s Kinexys, says tokenization is changing record-keeping. “It’s not so much about assets and currencies; We are talking about introducing the latest accounting systems. Essentially, we are talking about introducing digital programmable ledgers,” he says.

Kinexys Digital Payments is currently integrating with JP Morgan FX Services to enable FX settlement on the blockchain, initially in USD and EUR, with plans to expand to more currencies. As early as the first quarter of 2025, clients will be able to perform FX transactions and settlements in near real-time by connecting to JP Morgan’s global FX platform, reducing FX settlement risk and speeding up trade settlements.

Winner in the category “Most Innovative Non-Banking Solution for Foreign Exchange Transactions”, as well as in the category “Best Solution for Foreign Exchange Transactions for Payments”, Corpay cross-border solutions provides support for a wide range of payment needs: from small money transfers to large amounts required to complete mergers and acquisitions. The latest custom solutions have been developed for specific business verticals, including funds, financial institutions, education, renewable energy, and sports and entertainment. Other customizable solutions include a white-label option that allows partners to offer a fully integrated Corpay payment system delivered through an application programming interface.

BBVAwinner of two awards: “Best Banking Digital Currency Platform” (overall) and “Best Currency Solution for SMEs”, has created various currency platforms to meet the diverse needs of both wholesale and retail clients. The app, specifically designed for SMEs (small and medium-sized enterprises), is currently available in Peru, Colombia, Spain and Mexico. The app helps these companies hedge their currency risks, order international transfers and receive currency market alerts, and the user experience (UX) is tailored to the user’s habits and needs. “At BBVA, we see the SME customer segment as key and with enormous potential,” says Luis Martins, Head of Global Macro at BBVA. “Therefore, we have made the FX product available on an international platform with the goal of providing a global and best-in-class UX for our SMB customers.”

Cloud solutions provide FX scalability and availability. MUFG Investment servicesAwarded “Best FX Trading Solution”, offers a fully automated, flexible and cloud-based solution that provides outsourced, non-discretionary, rules-based hedging services to help clients reduce FX exposure within the portfolio or share classes being hedged.

KiribaOur winner for Best Cloud Technology for FX, provides a comprehensive cloud-based treasury management platform with powerful FX capabilities and advanced analytics and reporting tools.

FIS Globalwinner of the Best FX Regtech Tool award, developed Investment Risk Manager. The tool provides a holistic view of cross-asset trading, portfolio management and investment risk. FIS Trading Compliance Manager provides a comprehensive view of the order lifecycle, addressing all trade compliance needs in one solution.

Technology has revolutionized the way businesses manage currency risk. 2025 is expected to see the emergence of more advanced forecasting tools, such as analyzing vast amounts of data using artificial intelligence to more accurately predict future currency movements, as well as modeling various economic scenarios to assess potential risks and opportunities.

Real-time monitoring and alerting systems will continue to help identify potential risks and opportunities and improve decision-making, while automated hedging and advanced hedging techniques that use algorithms to automatically execute hedging strategies will enable complex options and futures strategies to be implemented to manage complex risk profiles.

Blockchain will grow in popularity by providing security and transparency to cross-border payments, and automated smart contracts will reduce the risk of errors and delays in contract execution and payment processing.

Increased volatility due to geopolitical tensions, economic uncertainty and changes in central bank policies will continue to play a significant role in shaping foreign exchange markets and influencing currency valuations. Applying advanced technologies such as artificial intelligence and machine learning to improve decision making and risk management will be key to solving such problems.