简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The AI-powered neobank Douugh (ASX: DOU), which recently acquired the share trading app Goodments, has announced a strategic alliance with OFX (ASX: OFX) to enhance foreign exchange services on the newly integrated platform.
Within months of its acquisition of share trading app Goodments, AI-powered neobank Douugh (ASX: DOU) has announced a strategic partnership with OFX (ASX: OFX) to improve foreign exchange services on the recently incorporated platform.
Under the deal with OFX - formerly known as OzForex - Douugh's Australian customers will pay a foreign exchange (FX) fee when they trade in US shares, and OFX will pay a portion of this fee back to Douugh in the form of a revenue share.
The new partnership will commence immediately with an initial three-year period, unless the company opts to terminate the deal with 90 days' notice.
Douugh founder and CEO Andy Taylor says the company is delighted to announce this exciting partnership with OFX.
“They have invested a lot in building a robust platform to support fintechs to build and integrate new customer offerings,” Taylor says.
“FX will become a key component of our platform offering over time as we look to facilitate investing in US securities, not to mention helping customers move money around the world.”
OFX's Asia-Pacific president Yung Ngo says international investment, particularly equities, has been a growing market for the company, so he is excited to be partnering with an organisation like Douugh that focuses on making financial wellness acceptable and understood.
“Australians have long had a keen eye for international opportunities so the alliance between OFX and Douugh better enables this.”
Douugh believes the deal is material because of the new revenue line it presents, and expects a strong uptake once the 'Goodments by Douugh' app is launched.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
According to the report, the US dollar is approaching a significant turning point, with expectations growing that the Federal Reserve will accelerate interest rate cuts to bolster the economy. As a result, the dollar is on the verge of erasing nearly all of its gains from this year.
Two prominent strategies often compete for the attention of traders: trend following and counter-trend trading. Each method has its strengths and weaknesses, and understanding them can help you choose the approach that aligns best with your trading style and risk tolerance.
In this article, we will conduct a comprehensive examination of Vantage, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
XTB's new multi-currency card and Individual Retirement Accounts (IKE) for Polish investors enhance financial flexibility and retirement savings.