Fintech firm announces partnership for easier cross border payments

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Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO of FXcompared and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely… Read more
  • Bottomline and Currencycloud have partnered to offer an innovative solution which integrates APIs and allows customers to make transactions simply, from one central location
  • First major client of partnership will be Hargenant Group, an accountancy firm for the film sector
  • "With globalisation, many of our customers are asking for payments to be added in several currencies and our goal is to remove complexity, to make an international payment as easy as a domestic one", says Bottomline spokesperson

Financial technology provider Bottomline has announced that it will partner with Currencycloud to improve its cross border payments capacity.

The partnership’s first major client will be Hargenant Group, an accountancy firm which works primarily in the entertainment sector.

According to Bottomline, it offers an intelligent payments service which is designed to integrate fully with Currencycloud’s application programme interfaces (APIs).

This means that the two companies will be able to combine their services, and offer clients the chance to make international money transfers – perhaps for international salary payments or supply chain payments.

The transactions can be made in the regional currency of the recipient and allows for the centralisation of activity to one central dashboard – removing the need for transactions to be overly complex, or to involve various locations.

In a press statement, Nigel Savory – who is managing director for Bottomline Technologies Europe – described the firm’s goal as aiming to “remove complexity” – and said that the APIs of Currencycloud, which is a relatively new start-up, were “pioneering”

"With globalisation, many of our customers are asking for payments to be added in several currencies and our goal is to remove complexity, to make an international payment as easy as a domestic one", he said.

"Given some of the Foreign Exchange specialisms involved, we chose to partner with Currencycloud and their pioneering APIs – together we can deliver real value for our customers."

For Hargenant Group, Greg Barrow – the firm’s founder and chairman – said that the solution was appropriate for the firm’s business model.

"We chose to use Bottomline's international payments service as a means of creating and streamlining efficiencies within our business", he said.

“We needed to pay film crews around the world, sometimes on irregular schedules and in various currencies – this SaaS-based international payments service helps our team do this from one easy-to-use, controlled payment platform”, he added.

Bottomline Technologies is a firm based in New Hampshire in the US, and has offices around the US, Asia-Pacific region and also in Europe.

Currencycloud is a relatively new firm, which was set up in 2012. It is based in London and offers almost a hundred different APIs.

According to its figures, it has processed well over $50bn to almost every country.

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