Cross-Border Payments: The Financial Institution IS the Digital Conductor

Financial institutions are under constant pressure to innovate and meet the needs of customers with digital solutions. Business customers are increasingly demanding the latest products include convenience, integration, and efficiency as they operate and compete globally. This makes the collaboration between traditional FIs and fintech companies essential for maintaining a competitive edge, growing deposits, and leveraging their respective strengths to compete capably. With the FI acting as a “Digital Conductor” they can now address clients’ needs with cutting edge cross-border payment and routing solutions via API integrations. Businesses can manage complex payment processes more effectively and rely on the FI to provide the innovative tools. This session will review the cross-border vendor relationship. Attendees will be taken through a checklist of considerations, functionality, technology, security, compliance, faster rails, exchange rates, marketing and revenue.