The financial technology and global payments provider looks to focus on its growing corporate client base and partnerships by offering technology-driven payment solutions.
Jason Mugford, President and Chief Executive Officer at Ascendant, commented: “Having the infrastructure and operational capabilities to expand into the UK market is a significant and strategic milestone for our company.
“We see a strong opportunity to help UK companies protect margins and drive efficiency in the face of renewed lockdowns. I’m proud of our team for placing us in such a strong position that we are able to increase our market footprint.”
Ascendant seeks to help clients build business resilience with payment solutions that identify opportunities for increased operational efficiency. As members of the SWIFT network and Global Payment Initiative (gpi), Ascendant focuses on payment delivery and providing greater transparency for customers.
Ascendant’s World Virtual Accounts also enable businesses to send and receive payments in hundreds of currencies without needing a local area presence.
Research by Velocity Global identified a 25% increase in inquiries from businesses interested in European expansion this year as firms look abroad for revenue and profit growth opportunities. Ascendant will support clients’ international businesses by offering more reliable, efficient, and cost-effective payment solutions that protect against market uncertainty and volatility.
Tony Crivelli, Chief Growth Officer at Ascendant, added: “Our team of experienced professionals are ready to bring our market-leading technology to help UK businesses find unrealised operational efficiencies at a time when they are sorely needed. Our client-driven solutions will help customers build business resilience through these tough economic times and beyond.”