Currencycloud, which Streamlines Financial Transactions in a Multi-Currency Environment, Partners with Malaysia’s GAT Investment Bank

Currencycloud, which claims to be the expert team simplifying business in a multi-currency world, has partnered with Malaysia-based GAT Investment Bank in order to launch GAT Money, an app offering an alternative solution to new clients who “need a global banking solution which offers access to competitive FX rates and an extensive cross-border collections and payments network, all in one place.”

With access to Currencycloud’s multi-currency virtual accounts, GAT Investment Bank now has a seamless and secure way “to collect, convert, pay and manage funds for its largely globally-focused client-base, without the need to integrate with multiple corresponding banks and payment providers.”

Currently using local USD, EUR, CAD and GBP collections, GAT Investment Bank can provide virtual accounts “in more than 35 currencies to its clients, offer real-time FX conversions at competitive rates, and pay out locally to over 180 countries.”

Jill Murray, Director of GAT Investment Bank says:

“Currencycloud was a clear choice for us. We were looking for a provider who could help us offer our customers the benefits of global banking. Thanks to Currencycloud’s APIs we are instantly connected to an extensive cross-border collections and payment network that allows GAT Money to be our customers’ global banking partner. Currencycloud’s local payout function has also enabled us to cater to smaller clients in more countries, giving them access to a global banking service that they otherwise wouldn’t have.”

Rohit Narang, Managing Director of APAC, at Currencycloud, said:

“GAT Investment Bank understands the issues faced by their clients, many of whom are importers and exporters who need a cost-effective, near-instant way of making cross-border transactions. GAT Money is the result of this understanding, and we are delighted to be part of their solution.”

As noted in the update, GAT Investment Bank Limited is “an emerging global investment banking, securities and investment management firm that provides a wide range of financial services to a diversified client base that includes corporations, financial institutions, and individuals.”

Founded in 2021, the firm is headquartered in Labuan, Malaysia.

Banks, Fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud, a Visa solution.

Currencycloud gives businesses “the capability to move money across borders, and transact globally in multiple currencies, fast.” Claiming to be “experts” at what they do, their technology makes it easy for clients “to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in.”

Since 2012, Currencycloud has “processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam, Cardiff, and Singapore, Currencycloud works with partners including Integrated Finance, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients.”

They are regulated in the UK, Canada, US and the EU and were “acquired by Visa in December 2021.”

Register Now to Attend
Sponsored Links by DQ Promote



Send this to a friend