Whitepaper
Fostering Innovation: from ideas to action
The solution built with you in mind
Our white-label cross-border payments and FX platform enables regional and community banks to collect, convert, pay, and manage global currencies on behalf of their corporate clients – all with absolute confidence
Poor user experience
SMEs in the US are poorly served by banks when it comes to cross-border payments. Receiving money from their overseas customers as well as paying suppliers or employees is expensive and inefficient. It's both inconvenient and slow for everyone in the payment chain. SMEs are often forced to find alternative partners.
Limited options
Your ability to offer a better service is limited by the broken traditional correspondent banking model. International transfers for smaller banks are a cost center, mostly manual—they lack transparency making reconciliation difficult creating potential for monetary, compliance and reputation risk.
Expensive to fix
Building an in-house solution is too costly for community or regional banks. Set up and maintenance of nostro networks is a tedious and expensive undertaking that ties up working capital. Banks don’t have adequate technology budget and talent to build and maintain solutions that are competitive from both cost and customer experience standpoint.
Features and Benefits
One account. Multiple currencies.
Access a ready-made global payment network providing a seamless and secure way for banks like yours to collect, convert, manage, and pay funds in 35 currencies globally. Move money across the globe hassle-free without needing to set up and maintain a complicated NOSTRO network.
Features and Benefits
Global ACH capabilities
Use international wires, local bank transfers or ACH based on cost, payment route and delivery date. Local payment rails offer lowest fees and greatest transparency.
Features and Benefits
Maintain complete control for maximum profitability
No more revenue share: access wholesale FX rates and control payment fees levels - giving you the control and flexibility to decide how much to charge your end customer.
Partner with Currencycloud
Unlike other integrated payment solutions, Currencycloud acts as a true partner in the growth of your company. Our expert staff will be on-call to help you every step of the way, from implementation to ongoing operations.
