The Future of FinTech in a Post-Brexit World.

FinTech Integration

Are FinTech companies disrupting the way established financial institutions operate today? In an age of rapid advances in technology coupled with innovation across many industries, FinTech companies have also increased the rate of change in terms of processes, technology and the levels of customer service provided. For example, there are many “challenger banks” which have entered the UK market but they are often a secondary banking provider to customers offering alternative mobile technology like Starling or Monzo. At TransferMate we believe partnerships are the way forward, working with banks around…

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Importing and Exporting: The Currency Problem and How To Fix It!

Importing and Exporting

The Currency Problem You might win or you might lose. Either way, you’ve got to ship! The currency problem creates a risk factor for any company importing and/or exporting. While your product is being shipped, you may be losing profits due to relative changes in currencies against the US dollar or whichever base currency is used in the country you’re in. Overseas buyers usually pay for imports in their own currency so they know exactly what they are paying, before the intermediary bank converts the funds into the local currency…

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Banking partnerships in the fintech world

Banking partnerships

Banks can now cut-out the majority of these tedious steps by partnering with FinTech firms like TransferMate. The immediate benefits of this new way of banking are numerous for both the banking industry itself and their respective clients throughout the world. Businesses have been paying ridiculous rates and fees for a relatively archaic service without real alternatives to challenge the status quo. TransferMate’s award winning solutions have been recognised by their recent win of the 2016 USA Big Innovation Award, European Business Awards, Deloitte Best Managed Companies, to name but…

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TransferMate wins International Payroll Payments Supplier of the Year 2017

TransferMate team wins the payroll awards

TransferMate Global Payments, the market-leading, international choice for businesses worldwide that send and receive foreign currency payments, are proud to announce that we have been awarded as International Payroll Payments Supplier of the Year 2017 from the Global Payroll Association. Last month, this honourable award was presented at The Payroll Awards event in Amsterdam on June 8th, 2017. This is the only award ceremony in the world for professionals involved in global payroll. TransferMate’s streamlined payroll solution not only saves clients’ money but removes a huge amount of time-consuming administrative…

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GBP has taken a hit and is expected to fall even further

GBP has taken a hit and is expected to fall even further

In light of last nights unexpected poll results there is increased political uncertainty in the UK. With Brexit negotiations only around the corner GBP has taken a hit and is expected to fall even further. It comes with no surprise that sterling opens this morning on the back foot as European markets wake up to the unexpected reality that the Conservatives have lost their overall majority. The currency had already fallen by around 2% after the release of the exit poll last night. Sterling’s weaker tone is reflected in EUR/GBP…

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