In 2018, we announced a strategic partnership with Agility Forex, which will allow Central 1 to offer a low-cost, innovative foreign exchange service to our clients and their members. This partnership is the first formed through C1 Ventures, Central 1’s newest subsidiary.
“Forming C1 Ventures and partnering with Agility Forex is key to our client-centric strategy and an example of how we are focused on the needs of our credit unions and clients. We are committed to offering proven, innovative solutions that provide them with a competitive edge,” said Mark Blucher, President & CEO of Central 1.
Agility Forex is a Vancouver-based fintech company that offers a proprietary way to move money cross-border with low or zero cost, providing an advantage to Canadian credit unions. The partnership provides Agility Forex the ability to service Central 1’s broad retail and corporate client base. “Agility Forex is excited to partner with Central 1 to provide credit unions with easy, low-cost international payments, 24/7,” said Andrew McGuire, CEO of Agility Forex.
The ability to offer credit unions and their members a low-cost, cross-border payment solution propelled Central 1 to make the investment in Agility Forex. This new service will help credit unions reduce costs, improve client experience, and make them more competitive with Canadian banks and other payment providers.