Foreign exchange specialist Travelex has launched a new B2B fintech platform called Travelex Business.
Travelex Business will allow the company’s partners including banks, credit unions, retailers and digital technology companies, to access a broad range of payments and foreign exchange services in one place.
The platform provides a seamless way for customers across mature and emerging markets to move money around the world. From cash management to cross border payments and retail currency conversion via APIs, Travelex Business addresses a wide range of enterprise and consumer needs with its omni-channel, multi-currency capabilities.
For digital technology companies wanting to offer cross border payments services to their customers, services can be delivered as a white-label offering.
Gareth Williams, Chief Product and Innovation Officer at Travelex said: “The platform is the culmination of years of hard work by Travelex and collaboration across the Finablr network. By revolutionising how we work, the technology we use, and the partners we work with, we have combined four decades of experience with a new microservices architecture to build a market-leading global fintech platform. Critically, working with Finablr, we have adopted a modern engineering culture with self-organising teams in order to create and iterate on a new and innovative suite of services.
“Travelex Business ensures companies get to market quicker, increase revenues and boost customer value with agile services available at the click of a button.”
The launch of the Travelex Business platform follows a four-year digital transformation project.