FEATURE : DIGITAL TRANSFORMATION
Account offering , including an important feature for SME customers to name their OPAL account like they would a bank account , to reduce cross-border payment friction on both SWIFT and local rails .
“ Our decision to choose Currencycloud over competing international payment platforms was driven by its extensive presence in various markets , state-ofthe-art technology , transparent pricing and exceptional customer support ,” said Appel .
Utilising Currencycloud ’ s advanced features , OPAL ’ s Global Digital Business Account customers today enjoy efficient and cost-effective management of cross-border transactions when navigating the global financial market .
Through the business named accounts for international payments , OPAL ’ s SMB customers benefit from :
• Global connectivity and presence
• The ability to send funds to local payment networks in 21 countries and territories
• Having multicurrency accounts opened in their customers ’ own names to :
• Improve access to collect funds globally
• Receive funds in up to 33 different currencies
• Receive funds via SWIFT and local payout rails
• Savings of up to 40 % in transaction cost and improved transaction speed
Appel views OPAL ’ s partnership with Currencycloud as an example of fintech-to-fintech collaboration success . He believes that such synergies are the vehicle for increased competition in the financial sector , pushing for continuous innovation and improvement in services .
In OPAL ’ s case , that means allowing businesses in the region to benefit from access to affordable , userfriendly , and efficient financial tools that can streamline their operations and support their growth .
“ As we continue to grow and expand our offerings , we remain confident that our partnership with Currencycloud will serve as a cornerstone of our success , empowering SMEs to drive positive change within the financial industry ,” he said .
“ I believe that fintech-to-fintech collaborations like that of OPAL and Currencycloud can help businesses to leapfrog technology and quickly benefit from B2B banking and payment solutions , to address the gaps left by traditional banking services .”
Currencycloud has grown from start-up status itself to being able to provide financial infrastructure and enterprise-class solutions anywhere in the world to any business that wants to move money across borders . What was once a simple FX tool evolved into a platform and is currently a full-scale Software-as-a-Service solution for companies that want to boldly lead the way in financial innovation .
From rental office roots in east London , Currencycloud now has offices in New York , Amsterdam , Singapore , Cardiff and London – but as a remote-first company its near 600 employees are all over the world . p
www . intelligentcio . com INTELLIGENTCIO APAC 55