The world is getting smaller. And, the ability to do business across it, even more so. However, traditional cross-border payments have yet to catch up. High fees, delays and currency conversion issues are just some of the risks you face that impact your cash flow and your market competitiveness.
If you’ve ever had to do one, or do them regularly, you’ll already know that the current system for cross-border payments can be agonisingly painful.
Expensive: When you add implicit FX spreads to transaction costs, you can end up paying 3 - 7%. If you’re doing £5m in annual cross-border payments, that’s £150,000 - £350,000 per year.
Slow: It can often take days for payments to arrive.
Stressful: With several intermediary correspondent banks typically involved, tracking a payment is difficult. If anything goes wrong, it can take weeks to locate your money.
Changing with the times
As the financial landscape evolves, so do your needs and expectations.
That’s why we’ve pioneered a different solution to the age old problem of transferring money across the world.
You'll get:
- Enhanced regulatory compliance: Stay ahead of the compliance curve with our blockchain-enhanced transparency. This technology not only meets but also exceeds current regulatory standards, offering peace of mind and security in international dealings.
- Streamlined Operations: Simplify your treasury operations with our integrated platform that supports efficient international payments and strategic cash pooling. This allows for more focused management of core business functions without the operational complexities typically associated with global transactions.
- Empowering Global Business: Get the strategic edge in international finance management with a solution that’s crafted to empower businesses with a global footprint.
Test out our platform for modern corporate treasurers, financial directors, and CFOs that streamlines cross-border payments.
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