Alpha FX Group plc announces the launch of its alternative banking platform for the alternative investment sector. As part of this launch, the Group intends to open an office in Luxembourg to show its commitment to the local market, which represents a significant opportunity for the alternative investment banking solution. This follows a lengthy and highly successful 'private launch' of the platform within Alpha's existing client base. This provided the Group with the time to gather user insights and develop further enhancements as it worked towards launching 'Version 2' of the platform, released in May 2021. Alpha's business has been built on providing high-impact financial solutions and simplifying banking processes, backed by a growing investment in technology. Its institutional division was launched in 2017 and grew over 100% against H1 last year, led by a team that has over a decade's experience working within the alternative investment industry. Having invested significantly in understanding the challenges that alternative investment institutions face when opening and managing bank accounts, Alpha has decentralised its technology stack to develop a bespoke front and back-end platform solely focused on the industry. This includes building a dedicated in-house team for effective onboarding, settlement and compliance of funds and their investment entities. The Group now offers a service that traditional providers have struggled for years to provide to alternative investment funds, with the result that overseas bank accounts that would have taken months to open are now typically taking less than a week.