28 October 2015
Disintermediating banks and brokers
Speaker: Philippe Gelis, Co-Founder and Chief Executive Officer, Kantox
Background:Kantox is a pioneering firm in the foreign exchange industry, offering a comprehensive FX management solution for SMEs and mid-cap companies. The company was born out of the idea of disintermediating banks and brokers from the foreign exchange process, thereby driving down costs and administration time for companies.
Instead of trading through a bank or broker, with Kantox, two trusted companies trade with each other directly, peer-to-peer. By the end of July 2015, Kantox had reached over $1 billion in transactions and are on course to reach $2 billion before the end of the year.
Philippe Gelis began his career working for Renault Suisse as a financial controller. He then gained invaluable experience in the banking industry as a consultant. Before founding Kantox, he was a strategy and management consultant at Deloitte.