Kantox: Partnered with Citi Bank for FX solution

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Kantox: Partnered with Citi Bank for FX solution

Kantox: UK fintech, partnered with Citi Bank for Foreign exchange (FX) solution

  • Kantox, a leader in FX management and payment solutions for businesses
  • Partnership to deliver a customised solution for FX clients, integrating directly with Citi’s foreign currency payments platform
  • Citi also looking to add more automation features to its Kantox toolkit going forward, such as dynamic hedging
  • Citi’s FX product with Kantox currently pilot-tested with a select group of Citi’s commercial clients in the US
  • They also plans to launch the standard solution in 2020
  • Now with more than 3,900 clients, Kantox is building up a sturdy portfolio which includes the likes of Silicon Valley Bank (SVB)