The Dangers for Sterling of Rolling the Dice

Posted on the 9th June 2017 by Hamish Anderson in SME blog, Business, Founders' blog, Founder Insights

GBP, USD and EUR foreign exchange rate

As the exit polls predicted that the UK was on course for a hung Parliament, the pound dropped almost 2% against the US Dollar and the Euro in a matter of seconds.

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Money Mover Country Report - Canada

Posted on the 27th April 2017 in Country Reports

USD to CAD is a popular currency exchange currency pair

Canada celebrates its 150th birthday this year and the entire nation is gearing up for a party. Lonely Planet has declared Canada as the number one destination in the world for 2017 and it is little wonder why. With 18 UNESCO world heritage sites, Canada is quite simply, breathtaking. From the Rocky Mountains in BC to the freshwater fjords in Newfoundland, the second largest country in the world is 9.984 million square kilometers of Instagram posts.

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Leading the world in financial innovation

Posted on the 11th April 2017 in Business, Finance, Money Mover News

UK to lead World in financial innovation with annual conference

The UK is the world’s leading FinTech hub, generating more than £6.6 billion revenue and employing over 61,000 people. To support this growing sector and cement Britain’s position as the global FinTech capital, the UK government is hosting a new, annual FinTech conference on April 12th to showcase the country’s FinTech talent.

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Money Mover Country Report - United Arab Emirates

Posted on the 23rd March 2017 in Country Reports

AED is strong due to oil and gold

The UAE is the second largest economy in the Middle East after Saudi Arabia and had a GDP of $570 billion in 2014. The UAE’s Free Trade Zones offer 100% foreign ownership and zero taxes and are highly attractive to foreign investors and international businesses, while its economic and political stability and modern infrastructure attracts both low and high skilled workers.

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Money Mover Country Report - China

Posted on the 10th March 2017 in Country Reports

The Great Wall of China, China

5,000 years of continuous civilization gives a country certain bragging rights. Ancient Chinese inventions, philosophies and discoveries have shaped the world as we know it: the abacus, the compass, gun powder, silk, paper, porcelain, alcohol, paper money, Confucius… the influence of Chinese culture on modern society is incalculable.

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Money Mover Country Report - Japan

Posted on the 23rd February 2017 in Country Reports

Japanese gaming industry help forge an economic superpower

From the frenetic pace and bright lights of Shinjuku in downtown Tokyo, to the serene, contemplative nature of one of its many Zen gardens, Japan is a study in contrasts. It’s a country that has over 1500 earthquakes a year, yet built the world’s tallest broadcasting tower and quake-proofed it using a design inspired by a 1400 year-old pagoda. It’s a country that can set off an international gaming craze where people of all ages race through cities and countrysides looking for creatures based on Japanese mythology. In Japan, ancient traditions and modern technology can blend as harmoniously as matcha and water in a tea ceremony.

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Money Mover Country Report - Germany

Posted on the 21st February 2017 in Country Reports

99 percent of German companies are SMEs

Dating from the Holy Roman Empire in the year 962, few countries have a history as complex - or conflicted - as Germany. Determined to overcome the legacy of WWII and drop the shackles of its past, Germany shifted its famous efficiency into overdrive and emerged from the rubble of the Berlin wall to become an economic powerhouse and a guiding force for political security in Europe. With its rescue of Greece from financial crisis and its commitment to replacing nuclear and fossil fuels with clean energy, to its large-scale acceptance of refugees fleeing war-torn Syria, Germany’s new legacy as a global leader proves the old German adage: “to change and to improve are two different things.”

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The effect of Brexit on international payments and transfers - managing currency risk

Posted on the 16th February 2017 in Business, Finance

The Brexit vote cause the GBP to USD exchange rate to fall to a three decade low

As the shock of last June’s vote to leave the European Union slowly wears off, the reality of a post-Brexit Britain is starting to emerge. The pound dropped to its lowest value in 31 years directly after the referendum and is currently hovering around £1.22 to the dollar. Once Article 50 is triggered sometime in March, official divorce proceedings will begin. Like any divorce, ending the relationship between Britain and the EU is guaranteed to be an emotional and drawn out negotiation. During this time, the one currency everyone will be trading in is uncertainty.

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Money Mover Country Report - Italy

Posted on the 10th January 2017 by Emily Keates in Country Reports

Italy began using the Euro in 2002

Since the official unification of Italy in 1861, the country has experienced a tumultuous period that saw a mass exodus of her people and the disastrous consequences of two World Wars. Yet over the past 60 years the country has reclaimed its status as a major social and cultural player in world affairs.

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Money Mover Country Report - France

Posted on the 3rd January 2017 by Emily Keates in Country Reports

France replaced the Lira with the EUR in 2002

In ancient times France was part of the Celtic territory of Gaul, becoming an independent country in the 9th Century.  Since the 1600s, the country has played a major role in European and world events.

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From black and white to technicolour: A journey from the world of corporate banking to a FinTech start-up

Posted on the 14th December 2016 by Carol Allwood in Team blog

Carol discusses moving from a bank to a currency converter startup

It’s fair to say that Money Mover has an entirely different culture and ways of doing things. It took me a little while to get the hang of things initially but I’ve really enjoyed adapting my own style to that of a FinTech start-up. So here is my summary of the key differences.

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Cambridge round table insights with Claire Ruskin

Posted on the 7th November 2016 by Emily Keates in SME blog

Claire Ruskin, CEO of Cambridge Network

Claire Ruskin, CEO of Cambridge Network talks about startups in Cambridge.

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Money Mover Country Report - Switzerland

Posted on the 6th November 2016 by Emily Keates in Country Reports

International trade is crucial with CHF 750 billion of internatioal investment

Covered by glaciers during the Ice Age, Switzerland was colonised relatively recently compared to its neighbours. The first group to identifiably inhabit what is now Switzerland being the Celts in around 100 BC. Since then, until its independence in 1815, it has been fought over by the Romans, ‘Barbarians’ and French.

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Cambridge round table insights with Greg Law (Talent acquisition)

Posted on the 4th November 2016 by Emily Keates in SME blog

Greg Law, co-founder and CEO of Undo

Greg Law, CEO and co-founder of Undo, talks about talent acquisition in Cambridge. 

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Money Mover Country Report - Sweden

Posted on the 3rd November 2016 by Emily Keates in Country Reports

SEK is the eleventh most traded currency in the World

From the all-conquering Vikings, to becoming one of the most democratic and liberal countries in the world, the history of Sweden is long and varied. In more recent history Sweden has developed into a strong, advanced country in both economy and civil liberties - ranking exceptionally for metrics of national performance. For example, Sweden has the lowest income inequality in the world as well as the smallest gender employment-rate gap, with only 4% more men in employment than women.

Sweden joined the European Union on 1 January 1995 however has never joined the Euro currency, which it voted against in a referendum in 2003.

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Cambridge round table insights with Greg Law (FinTech in Cambridge)

Posted on the 2nd November 2016 by Emily Keates in SME blog

Greg Law, co-founder and CEO of Undo

Greg Law, CEO and co-founder of Undo, talks about FinTech in Cambridge.

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Money Mover Country Reports - Romania

Posted on the 26th October 2016 by Emily Keates in Country Reports

Romania started using the RON over the ROL in 2005

Up until the fall of the Soviet Union in 1989, Romania spent more than 40 years behind the closed doors of the “Iron Curtain”. However since then it has thrived. With a large natural resource base and the Black Sea in the east driving a lot of tourism to the country, Romania has grown rapidly in the last few decades.

Following the Cold war, Romania’s ties with Western Europe have significantly strengthened, joining NATO in 2004 and subsequently the EU in 2007.

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Cambridge round table insights with Goncalo de Vasconcelos, CEO SyndicateRoom

Posted on the 24th October 2016 by Emily Keates in SME blog

Gonçalo de Vasconcelos, Co- Founder and CEO of SyndicateRoom

Gonçalo de Vasconcelos, Co- Founder and CEO of SyndicateRoom, talks about the future of Fintech in Cambridge.

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Money Mover Country Reports - Hungary

Posted on the 22nd October 2016 by Emily Keates in Country Reports

Hungary blog

Following the end of World War II, Hungary became a satellite state of the Soviet Union under communist rule. During this period there were a number of nationwide revolts and revolutions against the soviet controlled government, but it wasn’t until 1989 with the collapse of communism across Eastern Europe that Soviet troops started to leave Hungary. The last troops left the country in the summer of 1991.

In the wake of the departure of Soviet troops and the collapse of the USSR, Hungary developed close political and economic ties with Western Europe, joining NATO in 1999 and then EU in 2004.

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Cambridge round table insights with Adrian Watson

Posted on the 21st October 2016 by Emily Keates in SME blog

Adrian Watson, Portfolio Finance Director

Adrian Watson, Portfolio Finance Director, talks about SME's and funding.

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Amanda Nunn: Twelve months at Money Mover

Posted on the 18th October 2016 by Amanda Nunn in Team blog

Amanda brought her relationship management skills to the currency exchange market at Money Mover

I’ve now been in the role for 12 months and as I reflect on the last year I can say that it has been the biggest roller coaster of my life; during which time I’ve learnt a great deal about myself (and others) and about the realities of working in a start-up.

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The world of FinTech; a layman’s review

Posted on the 10th October 2016 in SME blog

FinTech aims to reinvent the currency convertion market

Financial Technology aka FinTech has remained a blurry subject, parked firmly outside of my understanding! So when Susan asked if I wanted to guest blog for them…I decided it would be a good opportunity to do some extra research and see about shifting that parked car.

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Legacy Systems and Legacy Thinking: Fintech and the reinvention of financial services

Posted on the 23rd September 2016 by Amanda Nunn in SME blog

Amanda Nunn on how Money Mover revolutionized the currency converter market

Until relatively recently, it is quite possible that many of you hadn’t ever heard the term Fintech. But, it’s broad sector with a long history. It was British banks that invented many of the current account features that we now just take for granted.

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What’s keeping most small business owners up at night

Posted on the 13th September 2016 by Hamish Anderson in SME blog

The Brexit vote caused the foreign exchange markets to go into turmoil

In the wake of the UK’s impending move out of the European Union, and the uncertainty that has brought about, there are reasons to remain positive.

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An Interview with our Intern, Alex Parsonson

Posted on the 8th September 2016 by Emily Keates in Team blog

Alex Parsonson blog image

Meet Alex Parsonson, our Intern for the second year running. Alex was with us for three weeks last year and has joined us for another two weeks this year.

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The challenges and opportunities presented by Brexit

Posted on the 7th September 2016 by Hamish Anderson in SME blog

CEO describes challenges and opportunities of Brexit for international marketsBrexit is not just about fear, uncertainty and challenges, there will be opportunities too. We are living in astonishing political times, with the unprecedented fallout of the UK’s decision to vote to leave the European Union in June’s referendum still playing out around us. A weakened pound, downgraded national credit ratings and sweeping changes within the heart of government: it’s no wonder business leaders everywhere are feeling anxious and uncertain about their future prospects.

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From one graduate to another: How to be successful in your first months at work

Posted on the 1st September 2016 by Gabriella Stanley in Team blog

Working in foreign exchange is Gabbie's first job

As it is nearly my one-month anniversary working as a Business Development Executive for Money Mover, I thought I would celebrate by writing a blog entry aimed at other graduates about how to be successful in your first few months at your new job.

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Team GB Olympic Success – Lessons for Business

Posted on the 25th August 2016 by Michael Daly Associates in SME blog

As a nation we have all watched with pride as our Olympic hero's have stood on the podium over the last two weeks to receive their medals at Rio 2016.

In our guest blog Michael Daly from Michael Day Associates explains why businesses can learn from Team GB Olympic success.

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Why are bank charges like icebergs?

Posted on the 23rd August 2016 in SME blog

Banks regularly hide the real cost of foreign exchanges

Foreign exchange and international payments are tricky markets to navigate as a business. Whether paying suppliers, accountants or rent, it’s usually obvious exactly how much you’re paying. The foreign exchange market is very different, and here’s why.

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Brexit - the fall out begins

Posted on the 19th August 2016 by Hamish Anderson in Founders' blog

The exchange rate of sterling dropped 10 percent after the Brexit voteThe formal Brexit process hasn’t even started, but we’re already feeling the impact of the referendum result.  Sterling has depreciated by more than 10% against the major currencies and hit its lowest level against the USD for almost 30 years.

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What are SWIFT payments?

Posted on the 18th August 2016 in SME blog

SWIFT's standardised messaging makes keeping track of international payments easily

More than 25 million SWIFT messages are sent out a day providing transparency and security for international payments. Here's our guide to understanding what SWIFT is and how it can help you.

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Guide to managing your cash in uncertain times

Posted on the 9th August 2016 in SME blog

Manage money wisely with cheap money transfers

Whether you’re an individual, a company or a charity, it’s in your best interest to manage your cash as efficiently as possible. The problem is, this can be a frustrating and time consuming task. In our period of economic uncertainty, how can anyone be expected to monitor saving rates, which are constantly changing, across multiple banks, on top of your daily business needs.

In our latest guest blog our friends at Insignis Asset Management give their advice on managing your cash in uncertain times.

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A day in the life of an Intern

Posted on the 29th July 2016 in Team blog

Callum McLaren-Stewart describes a day in the life of an Intern at Money Mover, an international payments platform.

Callum, our latest Intern at Money Mover, takes us through his typical day.

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Paying and invoicing suppliers overseas - cost efficiently

Posted on the 21st July 2016 in SME blog

SMEs can save money on foreign echange by using Money Mover

One of the biggest challenges faced by many small and medium sized companies (SMEs) which trade internationally is finding the most cost efficient way to pay their overseas suppliers. 

With little control or visibility over when the money will be received and the risk of adverse exchange rate movement in the time it takes from sending the invoice to receiving the payment, cross-border payments can be a real headache and represent a significant impact on cash-flow.

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How NOT to become a CFO dinosaur

Posted on the 7th June 2016 by Compleat Software in SME blog

The FSN Modern Finance Forum recently released a Finance Function Survey 2016 suggesting that the role of a CFO is “overhyped and full of contradictions.” The FSN states that the research was conducted amongst the 46,000 members of the FSN Modern Finance Forum on Linkedin and represents one of the largest surveys of its kind.

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If it’s not transparent, it’s not fintech!

Posted on the 31st May 2016 by Hamish Anderson in Founders' blog

Money Mover offers totally transparent international payments

Whenever I’m asked to talk about Money Mover’s international payments platform, cutting costs is normally the last thing that I mention. Why? Because telling a small business that you’re going to charge them less is easy, but without knowledge and information it’s really hard for the SME to know whether they’re actually getting a better deal or not.

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8 ways to stay on top of your small business finances

Posted on the 19th May 2016 by Hamish Anderson in SME blog

Save Money for you SME using Money Mover currency converter

Running a small business is tough. Finding new customers, sticking to budgets, delivering quality products or services, maintaining a happy, healthy workforce and keeping clients satisfied.  It’s a stressful, and often thankless, task at the best of times.

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A beginner's guide to Foreign Exchange payments

Posted on the 12th May 2016 by Susan Curtis in SME blog

Guide to foreign exchange and currency converter terms

Foreign exchange terms and phrases can be easy to understand if you’ve worked in the financial sector for many years or are experienced in international payments. 

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The challenge of proving your address

Posted on the 5th May 2016 by Susan Curtis in SME blog

Before signing up to make international payments you must provide proof of residence

Money Mover users based in the UK may never have experienced a problem proving their address. We are so used to entering a postcode on a website then selecting our street address, it’s normally quite simple. But what do you do when your post isn’t delivered to your home address? What proof of residence can you provide?

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Anti-Money Laundering – Minimising risks with electronic identification

Posted on the 28th April 2016 by Alex Garbutt in SME blog

Money Mover is committed to not alllowing our currency converter to be used for money laundering

Money laundering is a significant threat to the global economy

Due to the very nature of money laundering it is hard to quantify the amount of money that is laundered globally. However studies into the topic have suggested that the figure could be as large as $1.6tn each year, which equates to around 2.7% of global GBP.1

 

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3 reasons why your small business is spending too much on international payments (and what you can do about it?)

Posted on the 20th April 2016 by Susan Curtis in SME blog

3 reasons why your small business is spending too much on international payments (and what you can do about it?)

The UK SME sector is growing and is increasingly international in its focus.  For UK SMEs, international trade is worth over £700bn.

The Eurozone is the UK’s largest trading partner, but non-EU trade has also grown rapidly in recent years.  The USA is the UK’s second largest trade partner, accounting for 9.8% of international trade, with China hot on its heels.

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Top 3 tips to choosing the best lawyer for SMEs

Posted on the 14th April 2016 by Susan Curtis in SME blog

If you’re running a business, you’re most likely going to need a lawyer at some point. Once you’ve grown to a certain size, there comes a point where you need to stop constructing your legals through downloading a template and actually get professional advice.

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5 top international payment tips for businesses

Posted on the 4th April 2016 by Alex Garbutt in SME blog

Expand to international markets using Money Mover's currency converter

Each year, hundreds of entrepreneurial and growing companies consider international expansion. As part of this process foreign exchange and international payments will become standard business practice.

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Innovation and competition in financial technology - Fintech: promoting innovation

Posted on the 29th March 2016 by Hamish Anderson in Founders' blog

Money Mover is making headway in the hostile foreign exchange sector

As part of a conference on “The Impact of Competition Powers on Financial Services” I took part in a panel discussion. While the conference’s theme was predominantly legal (it was hosted by Norton Rose Fulbright and attended mostly by lawyers) the theme of my panel was  ‘Fintech: promoting innovation’.

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5 things to consider when choosing a business bank account

Posted on the 7th January 2016 by Alex Garbutt in SME blog

5 things to consider when choosing a business bank account- Money Mover Blog

Whether you’re setting up a new business or looking to switch providers, here are the top five things to consider when shopping around for the best business bank account.

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Andy Homer interviews Money Mover CEO Hamish Anderson

Posted on the 2nd November 2015 by Andy Homer in News

Andy Homer interviews Money Mover CEO Hamish Anderson

Former Towergate Insurance and AXA CEO Andy Homer interviews Money Mover founder Hamish Anderson about the money transfer marketplace

"The founders knew that SMEs were under-served and overcharged by banks across the board. Consumers benefit from special offers and competitive rates. Large corporations can use their size to leverage the best deal. SMEs are caught in the middle."

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CMA report response and analysis

Posted on the 23rd October 2015 by Alex Garbutt in SME blog

CMA report summary- Money Mover blog

This week the Competition and Markets Authority (CMA) released its long-awaited retail banking report. So what did they have to say? Surely after 18 months of research they would be announcing something fairly significant? Well… not really. It seemed a bit… soft, for want of a better word.

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Forecourts and Foreign Exchange: Why businesses want FX providers that are less like petrol stations and more like discount supermarkets

Posted on the 18th September 2015 by Hamish Anderson in Founders' blog

Forecourts and Foreign Exchange: Why businesses want FX providers that are less like petrol stations and more like discount supermarkets

We all like to get the best possible price when we make a purchase. If we feel that we’re being overcharged or ripped off then, as consumers, we tend to vote with our feet.

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Alex joins the Money Mover Team

Posted on the 5th August 2015 by Alex Garbutt in Team blog

Alex decided to work at Money Mover in the foreign exchange FinTech market over a bank

Alex Garbutt, our new business analyst, talks about why he decided to move into the world of FinTech and about his first impressions of Money Mover.

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How our £1m funding will help us better serve underserved SMEs

Posted on the 22nd July 2015 by Hamish Anderson in Founders' blog

International business payments

Today we announced that we’ve secured £1m in investment from a group of financiers, entrepreneurs and technologists. The consortium includes former Towergate CEO and stakeholder in Funding Circle, Andy Homer, and Classic FM founder Sir Peter Michael.

Backing from such experienced private and institutional investors is a testament to the potential of Money Mover and signals the start of a new era in the company’s growth. The investment is critical if we’re truly to address the challenges that face small to medium sized businesses (SMEs) in the UK and beyond.

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Are you leaving your business exposed?

Posted on the 4th March 2015 by Hamish Anderson in SME blog

Are you leaving your business exposed?- Money Mover Blog

Just because you manufacture in the UK and only sell your products in the UK, it doesn't mean that you don't have currency exposure.

Hamish Anderson discusses why this is and what you might do about it.

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Money Mover Country Reports - South Africa

Posted on the 4th November 2014 by James Teale in Country Reports

Money Mover Country Reports - South Africa

The Republic of South Africa, also known as the “rainbow nation”, is a country with deep historical roots with the establishment of the country’s earliest settlers including the San and the Khioikoi people over several thousand years ago.

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The Small Business Act and how Europe is focussing on SMEs

Posted on the 16th September 2014 by Rosemary Fallows in Founders' blog

The Small Business Act for Europe (SBA) was adopted back in June 2008, although many people remain unaware of it. There is currently a public consultation to gather feedback and ideas to see how the act can be revised and improved.

The European Commission has enacted this legislation to recognise the crucial role of SMEs in the European economy. The SBA applies to all companies which meet the SME criteria.

The Small Business Act and how Europe is focussing on SMEs

European SME Week 2013 launch, Vilnius, Lithuania

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Money Mover Country Reports - Spain

Posted on the 15th July 2014 in Country Reports

Money Mover Country Reports - Spain

Spain – the Euro

Back in 1492 the modern united state of Spain was created, ending nearly 800 years of Muslim rule in the south. Spain is now composed of 17 autonomous communities and 2 autonomous cities with varying degrees of autonomy thanks to its constitution. It now has a population of approximately 47 million.

Spain signed up to the Euro in 1999 and in 2002 the Peseta was replaced by the Euro as the only currency of Spain.

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We've made our first payment!

Posted on the 9th June 2014 by Money Mover Team in News

We've made our first payment- Money Mover BlogOur beta-testing programme is in full flight, and we're excited to report that one of our beta clients has just made his first payment!

Our client sold US Dollars (USD) and bought British Pounds (GBP), and reckoned that he saved around GBP 200 compared to his normal currency transfer service.

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Introduction to Money Mover Country Reports

Posted on the 6th June 2014 by Rosemary Fallows in Country Reports, News

Introduction to Money Mover Country ReportsWe’ve decided to put together a series of country reports which will feed into our risk analysis. This is a bit more in depth than deciding where to go on holiday! We will take a look at each country’s political situation, the type of businesses run there and the risk of corruption, amongst other things.

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We’re onboarding our first beta clients…

Posted on the 22nd May 2014 by Money Mover Team in News

Whiteboard Image

Whilst the web application build continues behind the scenes (and we’ll update you shortly on our progress), we’ve just started onboarding a group of beta clients...

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New Money Mover website goes live

Posted on the 15th May 2014 by Money Mover Team in News
Montage hero image

Money Mover launches new marketing website.

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Why Cambridge?

Posted on the 29th April 2014 by Hamish Anderson in Founders' blog

Why Cambridge?- A Money Mover blog

I'm often asked why we set up Money Mover in Cambridge.

“Surely a financial services business should be in London?” people ask, “or in a country with lower taxes, or where the regulations aren’t so tough?”

There’s a basis of fact in all the above, but we considered all these things pretty carefully in the very earliest days of the company, and we tried to make choices which were true to the vision that we had for Money Mover.

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