There is no doubt that we live in an online economy, yet financial institutions continue to offer payment platforms that are complicated, difficult to navigate, and lack much-needed functionality for corporates, placing unnecessary limitations on the way international payments and Foreign Exchange (FX) are done.
We set out to change the industry norms. We have taken some of our premium FX services and made them available online through a powerful, yet intuitive environment. We worked closely with industry-leading consumer Interface design teams, to provide the same sort of simplicity and intuition across a B2B payments platform.
As a result, Express creates an ease of access to FX risk management and international payments solutions, effectively saving you time and helping you manage your cross-border transactions more efficiently.
On behalf of our clients since 2015.
Throughout North America & APAC
© Copyright - EncoreFX, 2018.
To the Clients of EncoreFX:
It is with much regret that we inform you that EncoreFX’s (the “Company”) offices are suspending trading effective immediately.
This suspension will give the Company time to consider its restructuring alternatives. The restructuring has become necessary as a number of customers to whom the Company granted credit have defaulted on their obligations to the Company due mainly, we believe, to the rapid changes in the FX market caused by the coronavirus pandemic.
In order to provide stakeholders with transparency, the Company has filed an assignment in bankruptcy pursuant to Section 49(1) of the Bankruptcy and Insolvency Act (Canada) (the “BIA”) with respect to its Canadian operations and has assigned its Australian and New Zealand subsidiaries in Voluntary Administration in Australia and New Zealand.
Ernst & Young has been appointed as the licensed insolvency trustee (the “Trustee”) in Canada and as the Administrator in Australia.
Once the Trustee, working with the Company, has determined the best options for the Company and its stakeholders it will share that information with you. Information pertaining to the bankruptcy of EncoreFX will be available, in due course, on the Trustee’s website at: www.ey.com/ca/encorefx.