When compared to transactions settled via the SWIFT international payments network, Nium lowers settlement costs by up to 90% for international brokerage account transactions. These institutions are seeing increased retail investor interest in overseas equities markets, particularly in the US, according to the press release.
Banks and financial institutions integrating with Nium’s global payments network and new brokerage solution will benefit from cost savings of up to 90% on each transfer, improved customer satisfaction by decreasing friction associated with investing in the US stock market, and increased demand for new partnerships.
The company stated that as retail investors increasingly diversify their investments across global markets, banks and FIs hoping to compete in the global market must continuously innovate, iterate, and improve on their technology stack and user experience. Integrating with the Nium global payments network enables these global businesses to maintain competitive advantage and differentiate themselves.
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