// NEWS //
Currenxie enters Europe to accelerate SME international expansion
Currenxie’ s entry into the EEA arrives as European businesses face unprecedented pressure to diversify their supplier networks due to ongoing geopolitical volatility. New research commissioned by Currenxie reveals that while 50 % of businesses have expanded their international supplier base in the last 12 months – with 91 % reporting boosted profits as a result – significant payment friction remains.
The study, conducted among senior decision-makers, found that:
Currenxie, a global financial platform for borderless business, has officially entered the European market following the launch of its multi-country, multi-currency business account across the European Economic Area( EEA).
This expansion follows the company’ s recent authorisation as an Electronic Money Institution( EMI) by the Central Bank of Ireland, providing Currenxie with a strategic gateway to support established SMEs across the continent.
The move bridges a critical gap in the market: providing European finance leaders with the local payout and collection infrastructure required to navigate increasingly complex global trade corridors, particularly between Europe and the Asia-Pacific region.
• Seventy-one percent of businesses view cost-effective international payments as critical to global competitiveness
• Fifty-two percent of firms report that slow processing and high costs are actively damaging relationships with international suppliers
• Thirty-one percent of SMEs have been forced to pass increased operational costs directly to customers due to payment inefficiencies.
Unlike banks that rely on fragmented SWIFT networks, the Currenxie Global Account offers European businesses access to local domestic collection and payment infrastructure. This allows for instant settlement and bypasses the‘ correspondent bank tax’ – the hidden costs deducted by intermediary banks – typically associated with cross-border trade.
Almost two-fifths of SME employees report cybersecurity responsibilities beyond their job description
More than two in five( 43 %) businesses reported a cybersecurity breach or attack in 2025. Against this backdrop of cyberthreats, the Uswitch Business Broadband experts surveyed SME employees to explore how cybersecurity is being managed within organisations and the pressures faced by non-specialist staff.
Almost two-fifths( 37 %) of employees surveyed say cybersecurity was not part of their job description when they started their role, while 14 % are unsure or cannot remember. The findings highlight inconsistency in how cybersecurity responsibilities are assigned and communicated across SMEs, with many employees taking on duties that were not formally defined in their role.
The lack of clearly defined responsibility is also reflected in training levels, as over one in six( 16 %) say they have never received any relevant cybersecurity training, while 45 % have only completed basic training. Just two-fifths( 39 %) report having received comprehensive cybersecurity training.
One in five( 20 %) say they are very confident in managing cybersecurity risks, while 51 % are only somewhat confident. A further 21 % remain neutral, with 7 % not very confident and 1 % not at all confident. While confidence is broadly positive across
SMEs, the findings highlight a minority of employees who lack certainty when dealing with cybersecurity risks.
More than half( 52 %) of SME employees sometimes feel out of their depth when dealing with cybersecurity issues at work, while 12 % say they feel this often. Almost a quarter( 24 %) say they rarely feel out of their depth, while 6 % say they never do.
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