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Travelex launches API-led B2B platform Travelex Business

UK-based Travelex, a Finablr company as well as an independent foreign exchange specialist, has announced the launch of its B2B fintech platform, Travelex Business. The new platform is expected to enable access to payments and foreign exchange services for the company’s partners such as banks, credit unions, retailers, etc.

Gareth Williams, Chief Product and Innovation Officer at Travelex commented, “Critically, working with Finablr, we have adopted a modern engineering culture with self-organizing teams in order to create and iterate on a new and innovative suite of services. Not only does this allow Travelex to continually innovate and improve its products and services, but it gives our customers the services they need within one solution—and the developer center means that our customers and prospects can experiment with our capabilities at their own convenience. Travelex Business ensures companies get to market quicker, increase revenues and boost customer value with agile services available at the click of a button.”

According to the supplier, the state-of-the-art API-led platform provides customers with services including cash management, cross border payments and retail currency conversion via APIs. The business utilizes Finablr’s capabilities and includes three core platforms and a developer platform including Travelex Business Cash, Business Pay, Business Cloud, and Travelex Business Digital platform respectively.

The launch of the Business platform follows a four-year digital transformation project.

Established in London, Travelex provides physical and digital cross-border money movement globally through international money-transfer service and facilitates banknote delivery of major and exotic currencies.

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