Argentex Obtains Australian Financial Services License

Argentex, a London-based currency risk management and alternative banking company, has obtained an Australian Financial Services Licence (AFSL). The license, granted by the Australian Securities and Investments Commission (ASIC), allows Argentex Pty Ltd, Argentex's Australian subsidiary, to provide particular currency risk management solutions and worldwide accounts to wholesale clients across Australia.

Jim Ormonde, CEO at Argentex, comments: “Australia is a dynamic market with diverse currency needs and we are thrilled to receive the AFSL. It reflects our strong reputation and leverages the groups experience to diversify into broader alternative banking markets more progressively. As part of our long-term growth plans and strategy, the license highlights our conviction to transform the business into a global, cross-border, financial solutions provider.”

Mark Brown, Managing Director for Australia, emphasizes: Australia is an underserved market and one where technology alongside superior service presents exciting opportunities. The AFSL license empowers us to collaborate with Australian businesses to help them thrive in the global marketplace.

This follows Argentex's expansion in Europe, showing a strategic goal of global scalability. With the AFSL, Argentex will be able to provide services to Australian businesses that will help them manage currency volatility.

About Argentex

Argentex is a leading provider of bespoke currency risk management and payment solutions for businesses and financial institutions. Argentex is listed on the London Stock Exchange, with offices in the UK, the Netherlands and Australia. Weve transacted more than $200bn for our clients since 2012, making payments in up to 140 currencies on their behalf.

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