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Moneycorp partners with BankClarity for cross-border STP

Source: Moneycorp

Moneycorp, the global foreign exchange and payments provider with over £38bn of trades across 120 currencies, has implemented an API and distribution agreement with BankClarity, the leading banking technology provider to non-bank financial institutions.

The partnership means that BankClarity’s clients can now achieve more competitive foreign exchange and straight-through processing (STP) of cross-border payments, using cutting-edge API technology and global payments solutions. Clients will be able to access live market rates, aggregated from 14 Moneycorp partner banks. This will enhance BankClarity’s existing suite of banking and FX partners.

Moneycorp’s payments API provides the building blocks for safer, speedier and more secure global payments. Moreover, their optimised network minimises payment processing delays and failures, further streamlining payment services through BankClarity.

Specifically, the agreement will hugely benefit global providers of administration services to international corporations, trusts and funds.

Francesco Giovanni Ghizzardi, Head of Payments Solutions of Moneycorp

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