Fortu Wealth – a London-based fintech providing a revolutionary all-in-one personal finance platform for high-net-worth individuals and a B2B banking-as-a-service (BaaS) solution for private banks and wealth managers – has today announced that it has partnered with Currencycloud, a leading provider of B2B embedded cross-border solutions, to allow its clients to make multi-currency payments globally through its Currencycloud Spark solution.
The modern world is increasingly interconnected and interdependent, with capital flowing across a variety of different jurisdictions as consumers manage their money. Unfortunately, much of the corresponding infrastructure used by the financial services industry has yet to catch up to this reality, and for many the process of making payments in foreign currencies is both slow and expensive.
Sharing a common mission of wanting to simplify the process of financial management, Fortu and Currencycloud have come together to provide a solution to this issue. The partnership will see Fortu customers now gain access to leading foreign exchange rates, international payments in all major currencies, as well as the provision of virtual IBANs through Currencycloud Spark.
The partnership represents the latest development on Fortu’s journey to revolutionize the worlds of private banking and wealth management. In a sector fraught with inertia, Fortu has created a groundbreaking all-in-one financial solution which meets the everchanging needs of the busy UHNWI millennial, signing up Swiss Banking Group as a pilot customer for their BaaS product.
Speaking on the partnership, Fortu co-founder and CEO, Azamat Sultanov, said: “For too long, our customers have had to deal with slow legacy technology and an outdated approach when it came to making international payments. The partnership will allow all Fortu users to be truly global in their approach, making cross-border payments seamlessly.”
Nick Cheetham, Chief Revenue Officer at Currencycloud commented: “Private banking has been the reserve of a select few traditional names, but Fortu is changing the dynamic of the industry and appealing to a broader, digital audience that has been under-served by traditional institutions. We are thrilled to be working with Fortu to help deliver a 21st century solution for their customers.”
International Women's Day 2021 To celebrate International Women's Day 2021, Barclays would like to invite you to join a series of panel discussions to be held virtually on: Monday, 8 March - 8:30am - 9:30 am EST / 1:30pm - 2:30pm GMT Thursday, 11 March - 4:00pm -...
Fintech is continuing to enjoy popularity with investors who see it as a sector with excellent prospects for sustainable growth. The sector’s rise last year against a backdrop of great uncertainty has continued in 2021, with strong investment volumes gaining momentum....
Singapore FinTech Festival 2019 summary of activities from the Fintech Power 50: Singapore FinTech Festival 2019 has proved another resounding success. Inaugural SFF x SWITCH sees over 60,000 participants from 140 countries; event to return on 9-13 November 2020....