Moneycorp Tapped by BankClarity for FX and Cross-Border Payments STP

Moneycorp, a global FX and payments provider, has entered a partnership with BankClarity, a provider of banking technology to non-bank financial institutions, to help the latter deliver new access to 120 currencies with live market rates, which are aggregated from 14 Moneycorp partner banks via its API integration.

Through the cooperation, BankClarity's clients are able to achieve more competitive FX and straight-through processing (STP) of cross-border payments.

​"As two progressive businesses with a relentless focus on solving client needs, it's brilliant to see our partnership with BankClarity flourish. Implementing Moneycorp's expertly engineered payments API will streamline foreign exchange and cross-border payments for BankClarity's clients. Our highly valued expertise means that BankClarity clients will have the best service on offer, and we know it will provide efficiency, powering growth at every stage," said Francesco Giovanni Ghizzardi, Head of Payments Solutions of Moneycorp.

Aidan McAvinue, Chief Executive of BankClarity, commented, "Partnering with Moneycorp is an incredibly powerful development for our clients and significantly enhances our offering across leading clearing banks and third-party providers, with a range of booking centres and payment solutions. Moneycorp's API complements our existing suite of banking and FX partners and ensures we continue to bring harmony and efficiency to every aspect of the activity surrounding the administration of complex cross-border transactions."

In August, Fazzaco reported that Moneycorp has launched its Foreign Exchange Liquidity Management solution​ for the Digital Asset Exchanges providers.