We are pleased to announce a new partnership with Cambrist Ltd, an award-winning financial services technology company, to improve the cross-border payment experiences for bank and fintech payment card issuers.
The partnership allows banks and fintechs to access everything needed to drive cross-border payment experiences for their customers across new and existing card programmes. The partnership will deliver feature-rich multi-currency wallets and international payments, including spot currency rates, real-time FX trades, non-domestic ledger balance management, reconciliation, reporting and card scheme settlement without significant technical or operational changes. This single connection simplifies the back office and treasury management of cross-border card payments to enable card issuers to focus on delivering innovative propositions to their customers.
Koen Vanpraet, EMEA CEO of Moneycorp, said:
“We are delighted to announce our partnership with Cambrist, and to support card payment providers with greater access to cross-border banking services. This partnership combines our expertise in FX liquidity and international remittance with Cambrist’s expertise in cross-border card payments and financial operations. We’re excited to support more Fintechs through this partnership.”
Jacob Claflin, Cambrist’s Founder & CEO said:
“We are excited to work with Moneycorp on this strategic initiative. This is an exciting moment that bridges the gap between traditional card accounts and more embedded cross-border payment services. Our partnership with Moneycorp will enable banks and fintechs to offer multi-currency wallets with one single API integration, thereby becoming a powerful tool for customer acquisition and engagement.”
For further information:
Please contact the moneycorp press office on:
Moneycorp is a world-leading payments fintech, recognized for its personalised service, smart technology, regulatory excellence, and its all-in-one payments ecosystem, that helps clients navigate the complex global payments market.
Moneycorp operates in the United Kingdom, North America, Europe, Brazil, Hong Kong, and UAE offering a full suite of payment solutions in over 120 currencies. Its payment experts provide the unique know-how and tools necessary to create customized client solutions.
Moneycorp has a relentless focus on security through its sophisticated financial crime monitoring systems, bank-grade compliance, and proper segregation of client funds, and is committed to complying with all applicable laws and regulatory standards across the world.
In November 2019, Moneycorp became the first of only two non-US bank members of the United States Federal Reserve’s Foreign Bank International Cash Services (FBICS) program, providing Moneycorp direct access to Federal Reserve US dollar currency services. This provides access to the Federal Reserve Bank of New York for US dollar supply through its Financial Institutions Group (FIG) for commercial and central banks. It holds two banking licenses, Moneycorp Bank (Gibraltar) and Moneycorp Banco de Cambio (Brazil), as well as payments licenses in the UK, EU, Brazil and 48 states across the USA.
Cambrist is an award-winning technology company enabling payment card issuers & processors to better manage the foreign exchange requirements of their card programmes. Our proprietary SaaS platform and advanced data analytics, combined with our team of industry veterans & experts, supports customers around the globe.