back Back

Moneycorp partners with BankClarity for cross-border payments

By Gloria Methri

November 28, 2022

  • Alternative Payment Rail
  • B2B Cross Border Payments
  • BankClarity
Share

Moneycorp, BankclarityBankClarity, the banking technology provider to non-bank financial institutions, has deployed Moneycorp’s API technology to streamline foreign exchange and cross-border payments for its clientele.

Moneycorp claims that its global payments solutions will give BankClarity’s clients access to live market rates aggregated from 14 partner banks.

Apart from enhancing its existing suite of banking and FX partners, the API will also improve BankClarity’s clients’ straight-through processing (STP) of cross-border payments.

Moneycorp says its payments API provides the building blocks for safer, speedier, and more secure global payments. Moreover, its optimised network minimises payment processing delays and failures, further streamlining payment services through BankClarity.

The agreement is likely to benefit global providers of administration services to international corporations, trusts, and funds.

Francesco Giovanni Ghizzardi, Head of Payments Solutions of Moneycorp said, “As two progressive businesses with a relentless focus on solving client needs, it is brilliant to see our partnership with BankClarity flourish. Implementing Moneycorp’s expertly engineered payments API will streamline foreign exchange and cross-border payments for BankClarity’s clientele. Our highly valued expertise means that BankClarity clients will have the best service on offer, and we know it will provide efficiency and power growth at every stage.”

In September this year, Moneycorp expanded its presence in Europe with the launch of its business in France. In January, the company strengthened its in-country payment capabilities by providing access to alternative payment rails in APAC, Latin America, and Africa.

Previous Article

November 28, 2022

SwissBorg announces its launch the UAE

Read More
Next Article

November 28, 2022

Adumo raises R190m

Read More










IBSi Daily News Analysis

January 27, 2023

Alternative Payment Rail

Embedded finance, Web3 to trigger FinTech investment in 2023 amid looming recession

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

January 27, 2023

7 FinTech tweets you should see!

Read More

January 27, 2023

Open Ecosystem RegTech Konsentus launches into MENA

Read More

January 27, 2023

Klarna provides overview of spending in 2022 with ‘Money Story’

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q4 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q4 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q4 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q4 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