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Scott Ernenwein

Scott Ernenwein

Strategic Partnership Manager - Currencycloud

Scott has several years of experience working in financial services, and has a passion for all things Fintech. He is enthusiastic about driving innovation by creating mutually beneficial partnerships within the Fintech ecosystem. Scott enjoys the challenge of building something that’s never been done before, and coming up with creative solutions to problems. Scott loves spending time outdoors, hiking and camping.

Workshop title

FX 101: So you want to go global?

Abstract

It’s hard to ignore the shifting economic and demographic conditions that are driving both citizens and businesses to become more global. Fintechs must now have a cross-border strategy if they are going to keep up.

Most Fintechs can see the opportunity to generate additional revenue but are unable to realize this opportunity quickly due to the complex compliance, financial, and technical requirements needed to run a multi-currency treasury operation.

In this workshop, we’ll walk you through a step-by-step process of building your very own cross-border platform.

We will explain the intricacies of creating a solution that will allow you to receive, hold, convert, and send multi-currency payments on behalf of your user base.

We’ll also break down the technical archichitecture and flow of funds, as well as explaining how to navigate the specific regulatory obligations for offering cross-border payments in the states.

Lastly, we’ll discuss how to properly manage your FX liquidity risk, from booking forwards to maintaining margin with your banking partners.