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…

Read More

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…

Read More

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…

Read More

Top 5 remittance-receiving countries for 2016

Top 5 remittance countries 2016

The World Bank suggests in their latest Migration and Remittances study for 2016, that remittance flows have declined by 2.4%, to 429 billion US Dollars, after a 1% decline in 2015. This is the first time in recent history that remittances have declined for 2 years in a row. TransferMate solutions can help your company with remitting money to all of these countries, simplifying your international wire transfers processes and saving you valuable resources, time and money. Here are the top five remittance-receiving countries for 2016: India – $62.7 billion Indians…

Read More

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…

Read More