Moneycorp and Cambrist announce partnership to bring enhanced multi-currency wallet functionality to market

April 5, 2022 – Moneycorp, a leading specialist provider of banking services for foreign exchange and international payments, today announces a partnership with Cambrist Ltd, an award-winning financial services technology company, to improve the cross-border payment experiences for bank and fintech payment card issuers.

The partnership allows banks and fintechs to access everything needed to drive cross-border payment experiences for their customers across new and existing card programmes. The partnership will deliver feature-rich multi-currency wallets and international payments, including spot currency rates, real-time FX trades, non-domestic ledger balance management, reconciliation, reporting and card scheme settlement without significant technical or operational changes. This single connection simplifies the back office and treasury management of cross-border card payments to enable card issuers to focus on delivering innovative propositions to their customers.

Koen Vanpraet, EMEA CEO of Moneycorp, said “We are delighted to announce our partnership with Cambrist, and to support card payment providers with greater access to cross-border banking services. This partnership combines our expertise in FX liquidity and international remittance with Cambrist’s expertise in cross-border card payments and financial operations. We’re excited to support more Fintechs through this partnership.”

Jacob Claflin, Cambrist’s Founder & CEO said, “We are excited to work with Moneycorp on this strategic initiative. This is an exciting moment that bridges the gap between traditional card accounts and more embedded cross-border payment services.  Our partnership with Moneycorp will enable banks and fintechs to offer multi-currency wallets with one single API integration, thereby becoming a powerful tool for customer acquisition and engagement.”

About Moneycorp

Moneycorp is a specialist provider of global payments and currency risk management solutions for businesses, individuals and financial institutions. Established in 1979, with offices across the UK, Europe and the Americas, Moneycorp has helped hundreds of thousands of customers to navigate the complex world of global payments.

Consistently at the forefront of the market, Moneycorp focuses on creating a balance between shaping the future of the payments industry and building meaningful relationships, through high-touch service and innovative technology.

About Cambrist

Cambrist is an award-winning technology company enabling payment card issuers & processors to better manage the foreign exchange requirements of their card programmes. Our proprietary SaaS platform and advanced data analytics, combined with our team of industry veterans & experts, supports customers around the globe.

Learn more about Cambrist at www.cambrist.com or contact us at info@cambrist.com