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Cross Border Payments

can be cumbersome to manage, with variable costs and a lack of transparency as to the precise status of funds in transit.

Challenges for
many companies

  • Standard, unattractive FX rate due to infrequent price updates and no client segmentation
  • No options offered besides spot payment
  • No (global) confirmation of payee and payments tracking
  • Bounces payment due to difficulty tio populate the right fields for an unknown beneficiary country.

Complex with mainly downsiderisk

Error-prone

Time consuming

Lack of a clearly defined hedging policy

Limited involvement

Issues arise

What if your bank
could offer

  • Beneficiary country-specific screens that support correct data entry
  • Pre-validation with accounts worldwide
  • Client-specific FX rates
  • Funding options to choose from: buy spot, draw down, fund later etc.
  • Payments tracking
  • Batch payments including all of the above

Value to your bank

Increase cross-border payments margin revenues

Retention of client and preventing them from moving flow to brokers and fintechs

Better maturity curve management of growing clients between Transaction Banking and Markets

Want to know more about our Cross-Border Payments solution?

Learn more on our Cross-Border Payments module and how this can seamlessly be integrated with your FX workflow?

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