Interactive FX Blog

Protecting Your Data in the Age of Money Transfer Companies
 Interactive FX Team Interactive FX Team, 11/04/2018
The money transfer industry has been rapidly expanding in the past couple of years. Experts estimate the the money transfer industry represent $600 Billion with millions on customers sharing their personal data. As a result, money transfer companies are hard at work to push the boundaries of money capability, endeavouring to turn the traditional one-way transaction into a two-way interaction. And while great strides are being made towards this end, data protection and security is a paramount ...
What the GDPR Means for Digital Enterprises
 Interactive FX Team Interactive FX Team, 21/03/2018
Any enterprise that deals with the personal data of any citizens from the EU member states will be aware of the upcoming General Data Protection Regulation, set to take effect in May of 2018. The GDPR requires companies that collect personal information to be compliant by the time the regulation becomes enforceable, which means new levels of security, transparency, and data management. In this article, we’ll take a closer look at what sort of compliance is expected from digital enterprises ...
How Interactive FX is Employing Chatbots
 Interactive FX Team Interactive FX Team, 02/03/2018
The chatbot industry is growing by leaps and bounds as businesses around the globe are deploying bots to drive revenue, improve the consumer experience, and convert users. As a company on the forefront of financial technology solutions, Interactive FX is employing bots to perform a variety of tasks, all with the intention of streamlining our customers’ experience in a way that is both meaningful and conversational.   In this article, we’ll explore a few of the ways in whic ...
Tips for Working across Borders
 Interactive FX Team Interactive FX Team, 02/03/2018
As an online money transfer and currency exchange platform, Interactive FX can be used anytime and anywhere with internet access. As such, we’re proud to be the provider of choice for many digital nomads and migrant workers, those that are employed or perform their job beyond the borders of where they call home.   The nomadic lifestyle can be an alluring one for anyone with remote access and a desire to travel. As an increasingly popular trend, we’ve put together a list of ...
Understanding Money Transfer Fees
 Interactive FX Team Interactive FX Team, 01/03/2018
Before you transfer any money abroad, there are a few things you should be aware of—least of all, some of the basic fees associated with making an overseas transfer. There are a few types of fees that are common across nearly all money transfer service providers. Having the knowledge to recognize and assess these fees can go a long way in helping to determine which service best fits your needs.   Administrative and Processing Fees: Some providers simply call these “transfe ...
Fixed vs. Floating Exchange Rates
 Interactive FX Team Interactive FX Team, 01/03/2018
At Interactive FX, we don’t just want to streamline and simplify the process of exchanging and transferring funds internationally—we also want to educate and inform our users as best we can. To that end, in this article we’ll discuss the difference between two terms you may see on the forex market—a “fixed” exchange rate versus a “floating” exchange rate.   The foreign exchange market trades more than $3 trillion USD on a daily basis, an ...
Four Tips to Minimise Currency Risk (and Save Money)
 Interactive FX Team Interactive FX Team, 28/02/2018
Currency risk, in simple terms, is the potential loss from fluctuating exchange rates. If you’re a business with foreign-currency investments, you’re likely already familiar with the concept of currency risk. If you’re an individual who performs frequent international transfers or makes payments in foreign currency, you’re also at possible risk to lose money on exchange rate fluctuations. If any of that applies to you, here are four tips to minimise your currency risk. ...