Caxton FX to provide open banking payments

Customers will be able to make international payments directly from its platform

New frontier: PSD2 opens the door for third-party providers to access customers’ bank accounts and offer their services

Payments firm Caxton FX is to begin providing retail customers with international payment services directly from their bank accounts, after gaining authorisation from the Financial Conduct Authority to offer account information and payment initiation services.

Customers will be able to initiate global payments from accounts held at different banks or financial institutions, or manage them directly through Caxton’s open banking platform.

“We’re thrilled to be able to provide this latest service

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