Business banking platform Fyorin has announced a partnership with Tribe Payments to enhance cross-border payments via multiple alternative payment methods (APMs).
Fyorin revealed that Tribe will work with its digital banking and card issuing services in order to ‘enhance’ Fyorin’s product offering and create virtual Mastercard cards for instant online access.
“As a platform focusing on making payments and financial operations more efficient for global businesses, Fyorin wanted a technology partner that can deliver versatile and modular services integrated into multiple payment schemes,” said Christian Joseph Agius, Co-Founder of Fyorin.
Not only does Fyorin provide efficient payments to global businesses, but the firm also has a key focus on Small and Medium Enterprises (SMEs).
SMEs and sole traders are exposed to multi-currency IBAN accounts, sub-accounts and corporate virtual cards all via Fyorin’s business banking platform. By synergising all of its banks and non-banking providers across the globe, Fyorin customers can manage their finances all under one portal.
Agius added: “Tribe’s current capabilities and its openness to innovation was key for us to partner with them. We are already thinking ahead in this partnership with custom solutions that would simplify and improve the day-to-day financial operations of any business.”
The collaboration allows Tribe to implement its modular technology for Fyorin customers. Tribe’s cloud-based service has helped banks and fintechs offer digital payment services at an efficient rate.
“The business banking space is ripe for disruption, with everyone from corporates to sole traders crying out for integrated and digital first services,” said Alex Reddish, Managing Director of Tribe Payments.
“With Fyorin, digital businesses are no longer held back by the frustratingly slow and labour-intensive processes required to deal with several financial service providers. And now, with our modular platform, we’re helping Fyorin’s customers to save time and money by taking the burden out of global payments and transactions.”