Sales League Table 2020 | Banking Technology Winners

Results Announced!

Stay up-to-date with the latest industry news and analysis.

Subscribe to BankTech Daily News today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

Core Banking Market Dynamics Report 2020

Global analysis of core banking system sales. Subscribe now

Bottomline & Currencycloud to boost cross border payments for Hargenant

Bottomline TechnologiesBottomline Technologies has announced that Hargenant Group, an accounting, and payroll solutions provider, has selected a combined service from Bottomline and Currencycloud in a bid to enhance cross-border payments.

“With globalization, many of our customers are asking for payments to be added in several currencies and our goal is to remove complexity, to make an international payment as easy as a domestic one,” said Nigel Savory, Managing Director, Bottomline Technologies, Europe. “Given some of the Foreign Exchange specialisms involved, we chose to partner with Currencycloud and their pioneering APIs – together we can deliver real value for our customers.”

The supplier states that the combination of Bottomline’s intelligent payments platform with Currencycloud’s open APIs is expected to provide the customers with a simple transaction process for payment of suppliers and employees. It is also expected to allow the transfer of money overseas in local currency and at competitive rates.

“We chose to use Bottomline’s international payments service as a means of creating and streamlining efficiencies within our business,” said Greg Barrow, Founder, and Chairman, Hargenant Global. “We needed to pay film crews around the world, sometimes on irregular schedules and in various currencies – this SaaS-based international payments service helps our team do this from one easy-to-use, controlled payment platform.”

“Bottomline is synonymous with payments between some of the largest companies in the world, and we’re proud to be working with them,” said Mike Laven, CEO, Currencycloud. “This is a brilliant example of how business needs are evolving and how FinTech leaders are working much closer together. The industry is constantly exploring ways to create innovative solutions that meet the demands of a modern, digital economy.”

Recently, Revolut selected Bottomline Technologies’ Universal Aggregator solution in a bid to deliver real-time payment offerings to its clients in the UK.

Related IBS Intelligence Research

Related Posts

BNY Mellon to boost real estate fund administration services for Deka Immobilien

BNY Mellon announced today that Deka Immobilien has selected the former’s services for the provision of global fund administration coordination and oversight for its Special Purpose Vehicles (SPVs). BNY Mellon is expected to coordinate accounting data from the SPVs around the world in which Deka funds invest, review the data, translate it into the required […]

This post is only available to members.

Read More »

PPRO study shows younger generations leading the UK alternative payment method adoption

A new study by PPRO has revealed that younger generations are spearheading the adoption of alternative payment methods (APMs), including bank transfers and e-wallets. The study showed that 42% of the Millennials and 35% of the Generation Z respondents have either used the above-mentioned methods of payments before or are confident using them. UK consumers […]

This post is only available to members.

Read More »