TransferMate announces strategic relationship with Wells Fargo

Offering seamless payments ability to US commercial banking customers As digital interactions between individuals and companies increase and evolve globally, so does the pressure to reduce friction around the traditional borders that separate us. The international exchange of information, money, and virtually any other unit of value is creating a demand to advance technology to better adapt and enable global financial services solutions in this ever-shrinking world. TransferMate, one of the world’s leading cross-border B2B payments providers, has built a strategic relationship with Wells Fargo Bank, N.A. (“Wells Fargo”) to…

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TransferMate and Tradeshift Announce Strategic App Solution on Tradeshift Platform for Commercial Transactions Across Borders

Tradeshift, the leader in supply chain payments and marketplaces, today announced a new app integration from TransferMate Global Payments. This new integration makes it even easier than every for global commercial buyers and sellers to digitally connect along every transaction phase. The new solution automates same-day cross border payment services from commercial transactions anywhere in the world more accurately, securely, and with lower fees than traditional correspondent banks. Seamless integration of the TransferMate app eliminates complexity, improves speed, transparency, and reconciliation while also saving time by enabling Tradeshift customers to complete…

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TransferMate buys Swiss FX payments firm Devisenwerk

Allows TransferMate access to one of the world’s most important financial hubs TransferMate, the world’s leading cross-border B2B payments provider, agreed to acquire Swiss-based FX payments firm Devisenwerk, in a deal that will give TransferMate direct access to one of the world’s most important financial hubs. Sinead Fitzmaurice, co-founder and CFO of TransferMate, said: We are delighted to announce this acquisition, which is an important step in the global growth of TransferMate. Devisenwerk is an exciting and innovative young company, which gives us immediate market entry into Switzerland, allowing us…

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Brexit Uncertainty Spikes and Pound Plummets

Following the resignation of Brexit secretary Dominic Raab and Pensions Secretary Esther McVey, the British Pound has plummeted. There are expectations of further resignations in what is being called a “rebellion” against the Brexit deal struck by the E.U and U.K. In his resignation letter Raab said, I cannot support an indefinite backstop agreement, where the EU holds a veto over our ability to exit, the terms of the backstop amount to a hybrid of the EU Customs Union and Single Market obligations. No democratic nation has ever signed up…

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Rising up in payments

Empowering women in FinTech Christine Lagarde, Director of the IMF, has said a number of times that if it had been Lehman Sisters rather than Lehman Brothers, the world might well look a lot different today, as the male-dominated financial services industry had indulged in high risk-taking. While the Lehman Sisters theory has been questioned by a few studies, lots of research suggests that more diverse leadership teams make better business decisions, leading to more profitable companies. This is something we have always believed at TransferMate, where five of our…

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