TransferMate, a market-leading provider of international payment solutions has embarked on a project with Accuity in preparation for significant global expansion. TransferMate, having secured global regulatory approval and built a technological platform that allows businesses to send and receive payments through a single portal, has selected an Accuity solution to add further immediate validation of its transactions to reduce errors and improve accuracy. This will save TransferMate time, drive efficiency, and help to safeguard its reputation. The project supports the company’s vision to accelerate the speed of transactions and optimise the overall experience for its customers across the USA, Canada, Europe, Australia and New Zealand.
Neil Tagg, Director – Business Solutions Group at Accuity said: “TransferMate enables businesses worldwide to send and receive foreign currency payments and it is crucial that their processes are fast, accurate and reliable. The integration of Accuity global payment data within TransferMate’s core payment systems removes the need for manual intervention and enables the business to scale seamlessly as its customer base expands at a rapid pace across all key markets”.
Sinead Fitzmaurice, Co-founder of TransferMate said: “As the leading innovator in the competitive Fintech space, TransferMate stays ahead of the market by continuously looking for new ways to streamline and improve. This ethos results in our 35,000 customers receiving the fastest service available, as well as allowing our business to adapt and grow as demand increases and customer needs change. By collaborating with Accuity, we have achieved significant efficiency savings and the benefits are passed on to our customers.”
TransferMate is using the Bankers Almanac Global Payment File Plus and Bankers Almanac IBAN Complete from Accuity within its treasury portal, used by clients to send and receive cross-border payments. These solutions automatically validate payments information as it enters this portal. This enables TransferMate to reduce the time spent manually inputting and validating payment data, and investigating and repairing delayed or failed payments.