Cornerstone completed the acquisition of FXPress Payment Services.

Cornerstone, a financial company, completed the acquisition of FXPress Payment Services, a specialist foreign exchange firm. Financial terms were not disclosed. "We are very pleased to have completed the acquisition of FXPress following the consent of the FCA. We are now further developing the range of products and services we provide for the benefit of our SME customers. Our overarching aim is to decrease the cost and complexity of business finance and treasury functions, thereby easing process workflow. Through the use of our tools, technologies and services, SMEs can be more efficient in the way they conduct international business. We look forward to progressing our operations under the Cornerstone umbrella and becoming a major player in the global payments landscape," Julian Wheatland, Cornerstone CEO.