TIGA, the trade association representing the United Kingdom games industry, today announced Custom House, a Western Union Company, as its newest member.
As a global leader in foreign exchange (FX) risk management and international payment solutions, Custom House helps companies succeed in global markets by minimising their currency exposure and streamlining the international payment process. Custom House opens up a world of opportunity for its clients by enabling small and medium-sized businesses to operate affordably and efficiently on a global scale with simplified payment solutions that help manage the risks associated with foreign exchange in volatile markets.
“As the United Kingdom video games industry continues to grow, more and more companies are finding that expert management of their foreign exchange payments is crucial to their financial success,” said Chris Wilson, National Manager, United Kingdom for Custom House, a Western Union Company.
“Many professionals in the games industry are unaware of all their global payment options and the risks associated with foreign exchange. Through our experience, it’s assumed that a financial institution can act as the sole payments provider, but in many cases this may not be the best option. By joining a premier organisation like TIGA, we can help build awareness of the alternatives that a dedicated foreign exchange specialist like Custom House can offer, including more competitive exchange rates; a wide variety of currencies to choose from when paying international suppliers; and currency hedging products that reduce the impact of exchange rate fluctuations, resulting in improved cost stability and predictability,” said Wilson.
Richard Wilson, CEO for TIGA stated:“As the video games industry continues to grow, mature, and become even more international, games companies require access to the very best expertise in all aspects of financial management. Custom House’s experience in the foreign exchange industry, as well as their international payment solutions are second to none. We believe their know-how will be incredibly powerful to our members by providing the expertise companies need in order to minimise their exposure to currency fluctuations as well as receive some cost certainty in unpredictable international markets.”
To learn more about specific foreign exchanges services available to games professionals, a free booklet entitled‘Foreign Exchange and International Payment Solutions for the Games Industry’ is available for download off the TIGA website at www.tiga.org.
Notes to editors:
TIGA is the trade association representing the UK’s games industry. The majority of our members are either independent games developers or in-house publisher owned developers. We also have outsourcing companies, technology businesses and universities amongst our membership. TIGA's vision is to make the UK the best place in the world to do games business. We focus on three sets of activities: political representation, generating media coverage and developing services that enhance the competitiveness of our members. This means that TIGA members are effectively represented in the corridors of power, their voice is heard in the media and they receive benefits that make a material difference to their businesses, including a reduction in costs and improved commercial opportunities.
About Custom House, A Western Union Company:
Custom House provides reliable, efficient international payment solutions for today’s business. We offer advanced, customised foreign exchange solutions, addressing the unique needs of small to mid-sized enterprises (SMEs) and global businesses that require support managing foreign exchange risk and international payments. Through our strategic business relationships and worldwide network of trading offices we help our clients remain competitive when working in global markets. Western Union acquired Custom House in September 2009, and owns and operates the company along with its services under the Western Union name. For more information, visit www.customhouseuk.co.uk.
For more information about specific foreign exchange solutions for the games industry:
Phone: 0845 88 00 416.