Currencycloud has launched Currencycloud Spark, a solution enabling banks and fintechs to provide multi-currency accounts to their business customers to collect, store, convert and pay in more than 35 currencies.
Setting up bank accounts in foreign countries is a complicated and expensive process and far beyond the means of many businesses. With Currencycloud Spark, companies will be able to create receivables accounts around the world, manage multiple currencies, and instantly move money between accounts, meaning financial institutions such as banks and fintechs can provide business customers with flexibility in how they manage their international payment flows with their customers.
Currencycloud Spark will be tested with select customers initially and will be rolled out to new and existing customers in the first half of 2020.
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