back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Currencycloud partners with Plaid to deliver seamless payment solutions

By Joy Dumasia

October 20, 2021

  • Currencycloud
  • Currencycloud Direct
  • Europe
Share

Currencycloud, the experts in simplifying business in a multi-currency world, have agreed to a strategic partnership with Plaid, an open finance network and payments platform, that will deliver new joint solutions to make it easy for firms in the UK, including foreign exchange brokers, FinTech companies and banks, to operate in multiple currencies.

The partnership with Plaid allows customers to fund their accounts without ever leaving the platform, simplifying the payment journey. Embedding Plaid’s Payment Initiation Services (PIS) into Currencycloud’s platform means customers will be able to pull money directly into their account from any bank, making the process that much slicker. Following the integration into Currencycloud Direct, the solution will be available across the entire Currencycloud platform.

Currencycloud is always looking for ways to improve the funding process, remove friction and make it easier for customers using the platform to convert and pay money around the globe. Huge progress has been made in this space, with 80% of all incoming credits now available to customers within one second of reaching Currencycloud.

Stuart Bailey, Chief Product Officer at Currencycloud, said: “We are always looking for ways to improve our customers’ experience. The integration of this solution will do just that, removing friction in their experience by keeping them on our platform from the start to finish of each transaction. We’re looking forward to working closely with Plaid to continue to improve the experience for our customers.”

Recently, IBS Intelligence reported that Africa’s leading payments technology company, Flutterwave, has partnered with Currencycloud, the experts in simplifying business in a multi-currency world, to accelerate the launch of their payment network in Europe and the US.

Previous Article

October 20, 2021

Opensee’s Big Data Analytics platform goes live at Societe Generale

Read More
Next Article

October 20, 2021

Citi appoints Rajeev Mantri as Chief Financial Officer, Citi India

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 12, 2022

Currencycloud

The Weekly Wrap: all you need to know by Friday COB | August 12th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

August 12, 2022

Verdant Capital raises USD 10m of debt funding for Zeepay

Read More

August 12, 2022

Synctera announced the appointment of Yvette Butler to its Board of Directors

Read More

August 12, 2022

PayGround launches Payment Financing Solution on its platform

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022