TradeCore and Plato to Bring More Efficient Money Transfers to Market
- Money Transfers
- 19.10.2020 12:35 pm
TradeCore, which recently announced the UK launch of its new fintech platform, acts as a one-stop-shop for fintech start-ups looking to accelerate their go to market strategy, and will support Plato with its technological proposition, enable the payments provider to focus on product development and help reduce the time to launch.
As consumers increasingly look to transfer funds to their family members, Plato has created a digital system that enables users to send money to their loved ones in just a few clicks. Users download the Plato app from the company’s site or app store and can then load funds via payment methods, including traditional bank debit cards, wire transfers or open banking into their Plato wallet.
The system is much more efficient than pre-existing options, enabling users to transfer funds, and manage the recipient’s spending on mobile, in real time, at any time. Plato is different to traditional money transfer services in that it provides a physical debit card to the transfer recipients - accepted in over 35 million locations worldwide - linked to the Plato account. Users have immediate access to funds anytime, anywhere and can pay in stores, online as well as withdraw money at any supported ATMs.
The announcement comes during a period of sustained growth for TradeCore, which has built a name for itself by supporting emerging fintech startups slash time to market and reduce costs. Through its vast technological expertise and partner network, the business manages and deploys costly backend infrastructure on behalf of its clients, enabling them to focus on developing products and improving end customer experiences.
In recent months the business has been rapidly expanding its partner network to further develop the services it can offer to its fintech clients. Recent partnerships include ComplyAdvantage, a global technology company transforming financial crime detection, and TrueLayer, a leading technology company building financial infrastructure that’s open to businesses anywhere in the world.
Speaking about today’s partnership announcement Stefan Pajkovic, founder and CEO at TradeCore, said: “TradeCore understands the complexities and cost of getting a fintech market-ready, and we are delighted to have been able to support Plato in turning their proposition into a reality. The team at Plato are doing amazing work to make fund transfers quicker, easier and more cost effective for families, and we look forward to supporting their continued business growth in the months and years to come. Through our expertise and backend technology we can help the business continue to scale, enabling them to produce more products and evolve their proposition to meet customer needs.”
Masa Madden from Plato, commented: “Transferring money has historically proven cumbersome and expensive. Plato’s mission is to remove these complexities and expenses, creating a digital alternative that makes helping out your loved ones quicker, easier and more efficient.
“TradeCore has become an established name within the fintech space, and for good reason. The business has enabled us to bring our product to market much quicker than expected. Thanks to TradeCore’s Platform and their knowledgeable team’s support, we’ve built a word-class product meaning families are now able to seamlessly share funds and support each other in these most testing of times.”