DMALINK, one of the leading data-centric ECN for professional forex traders, and COMO Digital Life, a global financial infrastructure provider, have announced what is being hailed as a key strategic partnership. It is aimed at addressing the unmet needs of fast-growth innovative technology companies.
The launch comes in the wake of the collapse of US banks like Silvergate and Signature, which had been playing a pivotal role providing banking services within the digital assets eco-system. Many market participants have been looking for a solution that combine an ECN with cross-border payments facilities.
The collaboration combines the expertise of COMO Digital Life in cross-border payments and the FX proficiency of DMALINK, enabling the provision of a comprehensive offering tailored to this demographic of clients.
Based in Luxembourg, COMO Digital Life provides cross-border multi-currency IBAN accounts with 24+ currency service offerings for platforms, marketplaces, corporates, payment service providers (PSPs), and fintechs.
By leveraging COMO Digital Life’s extensive expertise in cross-border payments, DMALINK can now help support fast-growth innovative technology companies with streamlined and cost-effective exchange solutions for their international transactions.
“By combining our FX expertise with COMO Digital Life’s cross-border payment capabilities, we aim to provide a comprehensive offering that empowers technology firms to thrive in the global marketplace,” said Manu Choudhary, CEO of DMALINK.
DMALINK’s proficiency in FX trading perfectly complements COMO Digital Life’s cross-border payment capabilities. This partnership enables the offering of a comprehensive solution that encompasses both efficient FX trading and seamless cross-border transactions, empowering fast- growth innovative technology companies to navigate the global markets with ease.
Through this collaboration, DMALINK and COMO Digital Life intend to drive forward digitisation initiatives and enhance risk management workflows. They said they would actively engage with clients to understand their evolving needs, offering value-added services such as automation, service integration through APIs, and efficient execution processes.
- Armchair Academy: Introduction to Micro FX Futures
- Korean Won (KRW): Is political crisis setting up a longer term bear trade?
- Is the US Treasury yields correction an attractive entry point for the Euro?
- DeFinity Markets integrates Fireblocks for seamless trading of digital assets
Disruption of the payments status quo
Both organizations recognize the importance of digital innovation in transforming inefficient payment systems. The partnership will seek to disrupt the status quo by introducing DMALINK’s cutting-edge execution platform to bring greater efficiency, transparency, and accessibility to electronic FX.
Moreover, DMALINK and COMO Digital Life are actively collaborating on the development of additional products and services to further cater to the specific needs of this client demographic. Their shared synergies extend to various areas of innovation, including digital assets, ensuring that clients can leverage cutting-edge solutions that adapt to the evolving financial landscape.
Angela Nickel, CEO of COMO Group, provided further background on the alliance: “Through our collaboration with DMALINK, we are dedicated to delivering tailored financial solutions that enable our clients’ digital journey and simplify the world of payments. By leveraging our cross-border payment service offerings alongside with DMALINK’s e-trading and RegTech infrastructure we can support our clients in their global expansion efforts.”
