This week more than 10,000 business leaders are heading to London to shape the future of the financial world. The theme, Thriving in a Hyper-Connected World, is perfectly aligned with the financial opportunities created by e-wallet companies, as we focus on the different ways new technology impacts business models.
Business has changed. But traditional banks, with their high-fee, time-delayed transactions have not. The world’s banking institutions have failed to keep up with rapid technological changes. Simply put, they are unable to support the demand for a truly seamless, cross-border global economy.
E-wallets, on the other hand, like those powered by the MoneyNetint platform, have stepped up to fill the void. Along with our core banking network and SWIFT membership, our partnership with the Ripple network means our clients and partners can now move money even quicker and to nearly any place in the world. We are opening new financial corridors for transactions and partnering with both businesses and financial institutions to move money everywhere it needs to be in the most cost-efficient way while keeping the highest level of service in the industry.
As businesses transition from analogue banking to the digital world, we’re supporting them every step of the way. APIs allow our customers to customise their banking interface, while our digital ledger technology (DLT) uses blockchain technology to ensure the safety of your funds. AI tools are also an inherent part in helping our customers better manage, transfer and exchange their funds.
Business moves quickly, which is why we can help our customers exchange currencies using superior foreign exchange rates. With the click of your mouse or the touch of a screen, you can change your Pounds into Euros, trade them for US Dollars, and buy Renminbi. When you’re designing in Paris, manufacturing in China, and selling in London, you need liquidity in three currencies to make sure deadlines are met, products are delivered, and payments are made.
E-wallets are fast, secure, and in the case of MoneyNetint, regulated by the Financial Conduct Authority (FCA) in the UK. There is no better way to help funds keep pace with your deal-making than the e-wallet provided by MoneyNetint.
Stop by booth #D40 at Sibos 2019 and find out how we’re partnering with financial institutions to help them adopt new technologies and leverage existing infrastructure so that they can deliver more value, better strategies, and eventually a better value proposition to their customers.