Tenora Financial Group has received authorisation from the Financial Conduct Authority as an electronic money institution in the United Kingdom, while Macquarie has increased its shareholding to 33% through its Commodities and Global Markets division. The dual developments combine regulatory approval with institutional backing as Tenora expands its integrated foreign exchange risk management platform.
FCA Licence Extends Into Payments and Custody
Tenora's UK entity has been authorised by the Financial Conduct Authority as an electronic money institution, allowing it to issue electronic money and provide regulated payment services. The licence also enables the safeguarding of client funds and the provision of multi-currency accounts.
The authorisation expands the company's capabilities beyond FX risk management into payments and settlement, bringing multiple stages of the transaction process under a single regulatory framework.
Harry Adams, Founder and Chief Executive Officer of Tenora, stated: "Our FCA authorisation as an Electronic Money Institution is a key milestone in our journey. It is a reflection of our core to embed governance standards and institutional infrastructure in everything we do."
Macquarie Increases Strategic Investment
Macquarie has raised its shareholding in Tenora to 33% following regulatory approval from the Australian Prudential Regulation Authority. The increased stake reflects continued institutional support for the company's business model and positions the firm within a global financial institution's investment portfolio.
Arturo Alonso, Senior Managing Director at Macquarie, commented: "Tenora's FCA-authorised EMI licence, combined with its AI-native technology, is distinctive in the market and provides a strong platform for expansion. Macquarie is pleased to support the company as it enters its next phase of growth."
Integrated FX Lifecycle Platform
Tenora's platform is designed to connect different stages of FX activity, including exposure identification, hedging, execution, and settlement. The integration of these functions into a single system addresses a common challenge in FX markets, where corporates and financial institutions often rely on separate systems for risk management, execution, and payments.
With the addition of regulated payment services, the platform can now handle both trading and settlement within the same environment, reducing the need for multiple providers across the transaction lifecycle.
Regulatory Framework and Market Positioning
Operating as an authorised electronic money institution places Tenora within a regulated payments framework, which affects how it manages client funds and delivers services. Regulatory status is a key factor for firms seeking to work with institutional clients.
The combination of FCA oversight and backing from a global financial institution supports integration with banking systems and financial networks, which can be required for scaling operations. This regulatory structure may influence how the firm positions itself in relation to treasury and cross-border payment services.
Technology and Data Integration
The company's platform incorporates data-driven tools to support FX risk management decisions. These tools are designed to provide visibility into currency exposure and support hedging strategies, with analytics integrated into execution and settlement processes.
The use of data and automation reflects how technology is being used to connect different stages of financial activity, affecting how corporates manage currency risk and treasury operations.
