Crown Agents Bank joins the World Economic Forum New Champions Community

Membership will see Crown Agents Bank work with the World Economic Forum and the Community on its mission to improve the state of the world

London, UK,  20^th June 2023 – Crown Agents Bank, a market leader in B2B cross-border payments and foreign exchange, specialising in emerging markets, today announced it has joined the World Economic Forum’s (WEF) New Champions Community.

The WEF New Champions Community brings together forward-looking mission driven enterprises with revenues between USD $50m and USD $1 billion, that align with the WEF’s mission, demonstrate entrepreneurship in the global public interest, and shape solutions and strategies to address the challenges of the future through collaboration and industry expertise.

Through the New Champions community, Crown Agents Bank will be able to share thought leadership and present to organisations on how to create a more equitable global marketplace and connect hard-to-reach markets. Membership will open up collaboration for Crown Agents Bank with the WEF and its group of purpose-driven, high-growth companies to drive change, champion new models, lead emerging technologies and build sustainable growth strategies.

Crown Agents Bank’s network, technology, and expertise helps governments, institutions, and organisations de-risk access and deliver money to underserved geographies. It offers cross-border payments and FX in over 150 countries, and its extensive network of partners allows Crown Agents Bank to offer competitive prices and fast, reliable settlement.

By making financial services accessible and affordable to those who may otherwise be excluded from the financial system, Crown Agents Bank helps to strengthen local economies, deliver social impact and drive financial inclusion. It achieves this by facilitating transactions for development banks, businesses, and charities. To date, the fintech bank has delivered £3.3bn of development aid flows and £14.6bn of flows into low and lower-middle income countries.

“Cross-border payments are the lifeblood of development aid efforts, the flow of money into low and lower-middle income countries, and intra-regional trade that is critical to building a sustainable future for the Global South. But moving money around the world is too complex, too opaque, and too costly - limiting the impact, and ultimately good, that development organisations can have on the world,” said Bhairav Trivedi, CEO of Crown Agents Bank. “Solving this problem takes collaboration at a global scale with businesses who want to make a positive social impact. The New Champions Community provides this forum for collaboration, and I can’t wait to work with like-minded leaders to help transform how money moves around the world for the benefit of everyone.”

“Within the community of New Champions of the World Economic Forum, we believe that success is best achieved through collaboration and strategic alliances. Crown Agent Bank brings a wealth of expertise, experience, and a unique perspective to the table, further enriching our collective knowledge and capabilities. We are excited about the possibilities that lie ahead and welcome them warmly to the community.” said Julia Devos, Head of the New Champions Community, World Economic Forum.

About the World Economic Forum

The World Economic Forum is the International Organization for Public-Private Cooperation committed to changing the state of the world. Headquartered in Geneva, Switzerland, the Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. It was established in 1971 as a not-for-profit foundation, and is independent, impartial and not tied to any special interests. The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. The Forum believes that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change. Please visit https://www.weforum.org/about/new-champions for more information on the New Champions Community.

About Crown Agents Bank

Crown Agents Bank (CAB) is a specialist FX and payments business which connects hard-to-reach markets to the global economy so that money can move where it’s needed. It works with a diverse and high-quality client base of banks, fintechs, governments, central banks and international development organisations to serve currencies across over 150 countries, providing transparency, security and traceability to international money transfers within a highly regulated operating framework. It offers real-time, competitive pricing and a customisable user experience, underpinned by integrated data analytics.

The company benefits from having a UK banking license, bringing with it bank grade compliance, robust risk management, flexibility on products, and a recognition as partner of choice for blue-chip clients.

To find out more please visit: https://www.crownagentsbank.com/