Layer2 Financial and Evita Collaborate to Enhance B2B Cross-Border Payments

Layer2 Financial has partnered with Evita to streamline and optimize the processes around B2B cross-border payments.

This collaboration brings together the capabilities of Layer2 Financial’s banking-as-a-service (BaaS) and payments infrastructure technology and Evita's B2B cross-border payments solution, the companies said in a Wednesday press release.

"Evita's decision to partner with Layer2 was driven by their exceptional speed, agility and ability to navigate complex compliance layers," George Goognin, founder of Evita, said in the release. "The partnership enables us to manage compliance efficiently, and paves the way for ramping up USD [U.S. dollar] operations."

With the new collaboration, the company will leverage Layer2 to open For Benefit Of (FBO) accounts for its clients, which will enhance Evita's ability to operate with U.S. dollars and enable clients to have individual U.S./Native accounts, according to the release.

These capabilities will simplify wire instructions and reduce the likelihood of errors, the release said.

"In an environment where many banks now shy away from crypto, George [Goognin] is a vocal advocate for its transparency, trackability and safety in the financial system," the press release said. "He believes that the collaboration between these two companies will help rebuild trust as digital and fiat currencies are poised to reshape the landscape of large, cross-border transactions."

(Source: PYMNTS)