RMB and FNB lead the pack as Africa’s Best Foreign Exchange Providers

Press Release

19 February 2024

RMB and FNB continue to lead the pack as Africa’s Best Foreign Exchange Providers

RMB and FNB have jointly been recognised as Africa’s Best Foreign Exchange Providers at the 24^th annual World's Best Foreign Exchange Provider awards, held by Global Finance. In addition, RMB Namibia was announced as the Best Foreign Exchange Bank in the country as part of the Gordon Platt Foreign Exchange Awards.

These awards celebrate market excellence and innovation in foreign exchange banking services, with the winners selected from 87 countries and seven global regions, looking into the best banks for corporate currency hedging, the best online FX platforms and the best providers of FX research.

Both, RMB and FNB have enabled foreign exchange transactions and cross-border payments through their unified foreign exchange process which provides clients with a variety of solutions for their individual and institutional needs. This includes intuitive screen flows, pre-populated fields, and the ability to save transactions for later completion; documents can also be uploaded with transactions.

 Gert Visser, Head of Markets Corporate Execution at RMB, says, "Receiving this award for an 8th consecutive year is truly the best recognition we could hope for, reflecting our unwavering commitment to investing in all aspects of our business for the benefit of our clients. In an era of rapid shift to electronification, we recognise the importance of maintaining a human touch whilst ensuring our platforms continue to evolve rapidly to keep our clients at the forefront of global markets. By understanding our clients, we successfully meet the needs of various segments across retail, multi-national corporates and institutions while competing on a global scale in providing liquidity at competitive pricing. This is supported by cutting-edge technology, complemented by market-leading research and bolstered by exceptional post-trade services."

“In addition, our accomplishments are also due to our ability to leverage big data and modern technologies to deliver contextual solutions, as well as understanding our clients’ foreign exchange needs to effectively empower them to meet their currency needs, optimise their personal or business cashflows, mitigate their risks and confidently navigate global market volatility.”

Devan Naidoo, COO of Foreign Exchange at RMB and FNB says, “We would like to thank our clients for their ongoing support and Global Finance for this honour. We are devoted to providing tailored solutions that align with our client's aspirations through our advice-led solutions. Being recognised as the leader in foreign exchange solutions for eight years in a row is a remarkable accomplishment. These accolades add to several significant awards that both RMB and FNB have received in the past few years, including Best FX Tech Global Award at Global Finance's second annual FX Tech Awards in 2023.”

ENDS//

For more information please contact:

Penny Motsamai | Communications Manager I penny.motsamai@rmb.co.za