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From my chats: their domain is FX related products, and are more product oriented as opposed to the nitty gritty finance.
For example: dynamic currency conversion, they don’t hedge the FX costs and trade FX. they sell their product as partnerships with like latin American banks which allows users to put their Canadian debit card in a latin American bank in say Peru, and allow the withdrawal to go through.
I.e.
ASG partners with Peruvian bank to support Canadian FX from atms in Peru for Canadian cards.
Then the FX desk manages the currency conversions when the transactions are being made and ensures the right spreads are being charged / calculated.
They also cover global money transfer, international student banking offer, cross border payments, etc. but again, all from the product lens and not the nitty gritty finance.
Hope this helps.
Thanks mate, very informative. Sound like this team find ways to build products to automate FX spread around high volume payment rails rather than the traditional trade-ticket FX deals on chunky transactions.
Would you know of they get much client facing time? Or are they mostly dealing with day to day processing and servicing of these products?