Moorwand, today announces a partnership with Cambrist Ltd, an award-winning financial services technology company, to improve foreign exchange card requirements for card programmes, for banks 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, while ensuring full compliance in relation to regulatory processes. 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, removing the disturbance that focusing on regulation can create. 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.
Kevin Friedrich, CCO at Moorwand said, “This is an exciting strategic partnership and one that aligns with our partner strategy. This partnership will allow fintechs to provide multi-currency wallets with a single API. We are delighted to be working with Cambrist to achieve this goal and I believe this will be a mutually prosperous partnership.”
Stuart Green, Cambrist’s Chief Revenue Officer said, “We are excited to partner with Moorwand to enable banks and fintechs to offer multi-currency wallets with one single API integration, while remaining fully compliant with various regulations.
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