Transfermate: Simplifying B2B cross-border payments

Gary Conroy, Chief Product Officer at Transfermate Global Payments, discusses how regulations can work to improve digital trust within the fintech sector

Speaking at Money 20/20, Gary Conroy was clear that it offers a real global ecosystem by way of allowing organisations to work closely with partners and customers to build better digital trust within finance.

Transfermate has been regulated since 2010 and licensed as a fintech in 92 jurisdictions, specialising in cross-border payments. It holds virtual accounts in more than 30 currencies and has 92 regulators to answer to.

Conroy spoke about the robust level controls required to maintain safety and security within the digital platform offered. He explains how Transfermate does not outsource and instead owns all of its intellectual property which is then audited accordingly.

He also explains how trust can be improved within international fund transfers and the importance of using API technology to enhance customer experience. Working towards these changes will be beneficial for digital transformation, he says, as it will lead to more vertical-specific accreditations - like Transfermate being HIPAA compliant within the healthcare sector, for example.


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