Radius Bank partners with Currencycloud for cross-border payments

By Pavithra R

Radius Bank, a forward-thinking virtual bank offering a full complement of leading-edge personal and business products and services, has announced that the company has partnered with Currencycloud, a leading provider of B2B embedded cross-border solutions. 

Following increased customer demand for international wire transfers for both their own clients and their Banking-as-a-Service partners, Radius sought to find a solution that could be quickly integrated. The partnership will enable Radius clients to receive the ability to send money to more than 180 countries. By leveraging Currencycloud’s APIs, Radius Bank can now send outgoing payments to international destinations. 

“As an ever-growing full-service digital bank, our clients needed a way to make payments all over the world without delay. Our integration with Currencycloud allows us to do just that,” said Phil Peters, EVP Chief Operating Officer at Radius Bank.

The partnership marks a further expansion of Currencycloud’s business in North America after it signed deals with Carta Worldwide, Shift Connect, and Derivative Path earlier this year.

“We are really excited to be working with such a digitally focused bank as Radius Bank. The breadth of our technology and speed of integration made us the perfect fit for them when they were looking to expand their customer offering. The ability to build, adapt and expand their customer offering for cross-border payments for both consumers and businesses of all sizes, is now in-house and world class,” said Richard Arundel, General Manager North America & Co-founder of Currencycloud.

Recently, Radius Bank partnered with Harvest Savings & Wealth Technologies to launch Goalkeeper.

Founded in1987, Radius Bank is a leading online bank providing a full complement of accounts and services to meet the growing banking needs of consumers and businesses nationwide. It has over $1.4 billion in diversified assets and is a member of the Federal Deposit Insurance Corporation, an Equal Housing Lender.