KUALA LUMPUR, Dec 4 (Bernama) – Kyriba Corp. – a provider of cloud treasury and financial management solutions has partnered with WorldFirst – the foreign exchange and international payments expert to streamline cross-border payments.
Kyriba said in a statement the partnership will also increase the speed and transparency of cross-border payments and also reduce the transfer fees associated with international payments and FX transactions.
Based on a Kyriba survey recently, the majority of financial executives are unclear about the various fees applied by banks for FX payments – 54 per cent are unsure of the spread they are being assessed for their cross-border payments, while 37 per cent do not have visibility into what fees they are being charged per payment.
The survey also identified the top four considerations for switching to a new cross-border payments provider – more favorable FX translation rates, reduction in bank fees, better transparency and better traceability.
The new partnership with WorldFirst will satisfy these requirements and more by deploying WorldFirst technology directly into the Kyriba platform, the statement added.
Chairman and chief executive officer (CEO) of Kyriba, Jean-Luc Robert said: “This integration with WorldFirst gives our clients a world-class option to simplify their FX transactions and expands our market opportunity in payments.”
“We are on a mission to make it easier, cheaper, faster and safer for businesses and individuals to move and manage money around the world,” said CEO and founder of WorldFirst, Jonathan Quin.
Headquartered in New York, thousands of companies rely on Kyriba to streamline key processes, protect against loss from fraud and cybercrime and accelerate growth opportunities through improved decision support. More details at www.kyriba.com
-- BERNAMA
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