Equals Gp Regulatory News (EQLS)

2 October 2017

FairFX Group plc 

("FairFX" or "the Group" or "the Company") 

FairFX hires Ben Wynn as Chief Product and Marketing Officer

FairFX is pleased to announce that it has hired Ben Wynn as its Chief Product and Marketing Officer (CPMO). Ben was most recently founder and CEO at home repairs business DAD, which focused on using mobile technology to transform the way people take care of their homes.

Prior to DAD, Ben was Chief Product Officer at the mobile agency Somo where he created award-winning solutions for clients such as Audi, De Beers, Fidelity and Prudential.

Ben brings over 18 years' experience of building, promoting and scaling ground-breaking products across the mobile, digital and marketing landscapes.

Commenting on the appointment, Ian Strafford-Taylor, Chief Executive Officer of FairFX said:

"I am delighted that Ben is joining us as our CPMO. Constant development of products allied with imaginative and cost-effective marketing is absolutely fundamental to our success. Ben has an excellent track-record in both these areas and his appointment augments our strong internal team, to which he will bring fresh impetus and innovation. In addition, the timing of his appointment is ideal in terms of formulating the short, medium and longer term plans for the Group post the recent acquisition of CardOne Banking."

Ends

About FairFX

FairFX is a leading challenger brand in banking and payments that disintermediates the incumbent banks with a superior user experience and low cost operating model. This enables personal and business customers to make easy, low-cost multi-currency payments in a broad range of currencies and across a range of FX products all via one integrated system. The FairFX platform facilitates payments either direct to Bank Accounts or at 30 million merchants and over 1 million ATM's in a broad range of countries globally via Mobile apps, the Internet, SMS, wire transfer and MasterCard/VISA debit cards.

FairFX provides banking and payment services to both personal and business customers through four channels: Currency Cards, Physical Currency, International Payments and Bank Accounts. The Currency Card and Physical Currency offerings facilitate multiple overseas payments at points of sale and ATM's, whereas the International Payments channel supports wire transfer foreign exchange transactions direct to Bank Accounts. For Corporates, FairFX has a market-leading business-expenses solution that can yield significant savings on a Corporate's procurement via better controls and improved transparency. The corporate prepaid platform and card also streamline the procurement process, thus saving administrative costs. Through the recent acquisition of CardOne, FairFX now has the capability to offer retail and business Bank Accounts with all the functionality you would expect from a Bank, namely faster payments, BACs, direct debits, international payments and a debit card.