A massive opportunity
The increase in consumer and business spending abroad, coupled with behavioral disruption from COVID-19, present a massive opportunity to financial institutions interested in cross-border payments.
Cross-border payments market value1
Cross-border payments revenue2
Lost in revenue3
P2P market share by 20244
Increase revenue and win back customers
But as new competition enters the market, there's potential for $280B in lost revenue by 2025 for traditional and complacent banks. And banks’ P2P market share is projected by to drop to 50% by 2024.
Add in soaring transaction fees and record-high operational costs, how can you increase revenue while delivering an exceptional customer experience?
Finastra’s Payments Connectivity Marketplace
A carefully curated marketplace of payment rails designed to connect banks to payments providers with pre-integrated connectivity via our Fusion Total Messaging solution.
It's your choice
We’ve done the hard work for you, by selecting best-in-class, trusted payment providers. And then we’ve pre-integrated them into our Fusion Total Messaging solution. It’s your choice which providers you wish to use.
Our marketplace of payment rails allows you to reach the countries and disburse payments via the endpoints your customers demand. So, you can remain focused on your business and not the burden of a heavy technical integration.
Using your current connectivity methods, we deliver payment messages from existing channels in their original formats and transform them to your chosen payment rail. We then return updates to you, providing visibility and transparency throughout the entire payment flow.
Cross-border payments: Keeping up with the fintechs
Are you struggling to compete in cross-border payments? You aren’t alone. Many banks and other institutions are losing ground to fintechs – and their customers are going with them. Discover how modernizing your cross-border payments strategy can help reduce costs, increase revenue and win back customer loyalty. Read our new ebook to learn more.
It's time to modernize cross-border payments
Don’t get stuck in the status quo. With fintechs stealing market share, it’s time to modernize your cross-border payments strategy. Learn how to achieve greater speed, transparency and cost savings through technology. Read more.
Each of our carefully selected marketplace providers has been recognized as a top 100 cross-border payments company, according to FXC intelligence.
Connect with us to learn more about the Payments Connectivity Marketplace.