NewTech Friday: XREX – Enhancing cross-border trading and security for SMEs

Digital Reinvention
30/08/2024Interview

XREX is a blockchain-enabled financial institution that provides services to businesses in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide. Wayne Huang, Co-Founder and Group CEO, tells Qorus’ Boris Plantier about the company and its offer.


What led to the creation of XREX?

XREX Group solves financial challenges that businesses face in emerging markets, particularly US dollar liquidity issues that hinder participation in global cross-border trade.

Founded on the ideals of financial inclusion and equal access to the global financial system, XREX Group leverages blockchain technologies such as stablecoins, and bridges traditional financial institutions to provide safe, accessible and trusted financial services for payments, remittances, transactions and asset allocation across their borders.

Want to keep reading?

Create a web account to get access to more insights

Related news & insights

SME Banking
02/04/2025Interview

Unveiling the future of agribanking: Piraeus Bank

Alkis Alexandrou is the General Manager at Piraeus Bank, overseeing the Agribusiness sector. He speaks with Qorus about the current...

Digital Reinvention
01/04/2025Article

Predict, engage, transform: AI’s role in the future of banking

As financial institutions intensify their focus on customer engagement, operational efficiency, and fraud prevention, AI is reshaping the industry with...

SME Banking
01/04/2025News

CaixaBank DayOne expands its reach, strengthening its role in the innovation economy

Since its launch in late 2017, CaixaBank DayOne, the bank’s division specializing in technology companies and investors, has seen remarkable...

SME Banking
31/03/2025News

Qonto transforms invoice collection with AI

Qonto, the financial management platform for European SMEs, has launched Invoice Operator, an AI-driven solution to streamline invoice collection. Developed...

Digital Reinvention
27/03/2025Article

Financial Innovation Spotlight – March 2025 edition

This month’s Financial Innovation Spotlight features five eye-catching initiatives from around the world by Burbank, KasikornBank, ING Spain, CIMB Bank...

Digital Reinvention
27/03/2025News

Westpac launches SafeBlock to combat scammers

This innovative tool allows users to immediately block their accounts via the Westpac app or online banking, preventing further transactions...

Digital Reinvention
26/03/2025Interview

Neobanks and the next steps: MoneyLion

More than just a simple neobank, MoneyLion is a top financial marketplace and ecosystem in the United States with more...

SME Banking
24/03/2025News

CommBank expands Yello for Business to support Australian small enterprises

The initiative provides eligible businesses with access to exclusive discounts and special offers to help reduce operational costs.