Partnering with HSBC to unlock FX potential

Flagstone International Limited (“Flagstone”), the international arm of the Flagstone Group, has become a leading provider of innovative cash deposit and foreign exchange (FX) services.

This enables clients to access a broader range of financial solutions from multiple partner banks, across multiple jurisdictions. Leveraging cutting-edge technology and strategic partnerships, Flagstone offers clients—ranging from corporate entities to individuals—the ability to manage deposits in multiple currencies efficiently, all within a single, integrated platform. This evolution of services makes Flagstone International’s business a gateway to seamless global cash management.

Partnering with HSBC to unlock FX potential

As part of this international expansion, Flagstone recognised the growing demand for flexible and streamlined FX services among their globally active clients. To meet this need, Flagstone partnered with HSBC to introduce a robust FX solution integrated directly into their platform, allowing clients to manage currency exchanges effortlessly. The collaboration with HSBC enabled Flagstone to deliver a powerful yet simple FX experience, expanding its value proposition beyond deposits to a complete, end-to-end solution for international financial management.

HSBC’s Foreign Exchange APIs have been embedded into Flagstone’s infrastructure, enabling clients to execute FX trades across multiple currencies without ever leaving the Flagstone platform. Once clients accept the rate displayed, the FX trade is processed by HSBC and settled seamlessly into the client’s accounts, creating a frictionless experience.

For Flagstone’s clients, this offers a substantial benefit, as there is no need to coordinate with third-party providers. This in turn helps retain customer deposits within the platform. Flagstone also benefits from a new revenue stream and a simplified reconciliation process thanks to HSBC’s Virtual Account structure.

Delivering results for clients and Flagstone

This integration has transformed Flagstone’s international platform into a one-stop financial hub, providing clients with unparalleled access to deposits and FX solutions in one place.
With this enhanced capability, Flagstone is now able to offer:

• Integrated solutions for both cash deposits and FX management
• A seamless customer experience, ensuring ease of use and satisfaction
• Retention of client deposits, preventing the need for third-party FX services
• New revenue opportunities, improving the business’s bottom line
• Simplified operations through HSBC’s Virtual Account structure