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 to your SME clients is limited by the broken traditional correspondent banking model. International transfers for smaller banks are often 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.
One account. Multiple currencies.
Access our ready-made global payment network. It is a seamless and secure way for banks like yours to collect, convert, pay and manage funds for your commercial clients in 35 currencies globally. With our multi-currency account you’ll be able to move money across the globe hassle-free without needing to set up and maintain a complicated NOSTRO network.
Flexible payment types. Global ACH or SWIFT
Our platform gives you the flexibility to send money via international wires, local bank transfers or ACH, based on your client preferences — as different payment methods have different cost, payment route and delivery date. Keep in mind that our local payment rails offer lowest fees and greatest transparency.
Maintain complete control for maximum profitability
No more revenue share with your correspondent bank! Access wholesale FX rates and control payment fees levels - have the control and flexibility to decide how much to charge your end customer.
Collect third party funds via SWIFT
This new feature will give you the ability to receive funds via SWIFT into your named virtual account. This way, you can collect and hold non restricted currencies from third parties with ease. And when you’re ready, convert these funds back to the required currency, at competitive rates, on your own terms.
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.
