Metro Bank has introduced FX Forwards for its Corporate and Commercial customers via a platform provided by Equals Money.

This service enables businesses to secure exchange rates for upcoming transactions, thereby offering protection against currency fluctuations in international trades. It complements Metro Bank’s current foreign currency offerings, enhancing the range of services available to Corporate and Commercial clients within the bank’s broader suite of financial solutions.

A Digital-First Approach

FX Forwards operates through a digital-first platform under Metro Bank’s brand but built on Equals Money’s infrastructure. This arrangement is part of an embedded finance model, where Equals Money supplies the technology and expertise in foreign exchange. The system is designed to streamline currency risk management for business customers, giving them access to both technological solutions and relationship managers from Metro Bank.

For companies engaged in cross-border operations, FX Forwards acts as a valuable treasury tool by allowing businesses to fix rates ahead of time. This can help stabilize cash flow forecasts and minimize exposure to exchange rate changes between the time of agreement and final settlement. The service is primarily targeted at Metro Bank’s Corporate and Commercial segment, catering to firms with frequent international dealings.

The launch reflects growing trends in UK banking, where institutions increasingly partner with specialized tech providers to quickly expand their product offerings without developing proprietary infrastructure. For Equals Money, this partnership represents an opportunity to integrate its platform within a major retail and commercial bank’s ecosystem.