14th Oct 2024
Revolutionising Cash and Foreign Exchange Management with New AI Technology
Link FX, following its recent investments and acquisitions, announces the creation of a cutting-edge AI-driven platform which will transform the UK’s money services industry in a newly formed partnership with Time Machine Capital Squared (TMC2), an award-winning London-based AI lab specialising in cash management, payments, and foreign exchange services.
Together, Link FX and TMC2 will develop an AI-led analysis and decision making, integrated banking platform designed to address growing regulatory demands and the increasingly complex challenges in the financial services sector. Utilising TMC2’s patented AI technology, the platform will significantly reduce human intervention in key processes within Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. The collaboration aims to set a new industry standard for efficiency, regulatory compliance, and data integrity, creating a best-in-class solution for cash and foreign exchange management
Philip Walsh Founder of TMC2 commented. “We are thrilled about this groundbreaking partnership with Link FX. Over the past decade our global patented AI solutions have revolutionised industries and Link FX’s innovative approach to cash and foreign exchange management aligns perfectly with our vision. This collaboration brings together two strong teams with deep expertise in financial services and technology, and we are confident that our AI-led solution will transform the sector’s ongoing challenges.”
Adam Durrani MD and Owner at LinkFX concluded. “At Link FX, innovation is at the core of everything we do. Partnering with TMC2 accelerates our entry into a new era of opportunities. By leveraging their proven AI technology, we are creating a platform that will enhance speed to market, efficiency, and compliance in ways never seen before. We are also excited to showcase how this partnership will deliver immense value to our customers, partner banks, and key suppliers.”
About Link FX:
Link FX is a leading financial technology company providing cash management, payments, FX liquidity, and card-acquiring services. As the UK’s largest independent provider of wholesale banknote solutions, Link FX supports thousands of retail locations nationwide. The company has a strong focus on innovation, technology, and IP-driven expansion, and will celebrate its 30th anniversary in 2025.
About TMC2:
TMC2 is a venture studio specializing in artificial intelligence and machine learning applications, with a portfolio of 10 innovative companies. TMC2has secured over 70 patents across industries such as fintech, media, and emotional perception. By partnering with transformative businesses, TMC2aims to make a positive impact on global industries and drive innovation forward.