Link FX, following its recent investments and acquisitions, has announced the creation of an AI-driven platform aimed at transforming the UK’s money services marketplace. This initiative is supported by a newly formed partnership with Time Machine Capital Squared (TMC2), a London-based AI lab specialising in cash management, payments, and foreign exchange services.
Together, Link FX and TMC2 will develop an AI-led 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 like 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, we’ve refined AI solutions for our portfolio companies, 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 address many of the sector’s ongoing challenges.”
Adam MD and Owner at LinkFX added: “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.”
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By GlobalData