Toronto-based FX trading solutions provider TickTrade Systems has added new global payments capabilities, which it says will make it easier for financial institutions to deliver end-to-end FX trading and payments solutions to their clients.
The firm says that new competition, expanding regulatory/standards requirements and rapidly changing client demands in global payments pose serious threats to financial institutions, adding that financial institutions need to respond. Modernising their payments infrastructure is challenging, however, the firm adds, due to complexity, costs and time to market.
The new solution includes global payments workflows that supports all payment types and integrate into proprietary applications or enable third-party providers; a cross-border architecture designed to maximise foreign exchange and payment revenue while effectively managing risk; and the dynamic routing of payments to multiple providers.
TickTrade adds that the service is SaaS delivered via the IBM Cloud and has a modular design for flexibility when deploying.
“TickTrade launched our Global Payments solutions to address the concerns we heard from our foreign exchange clients.” says TickTrade CEO Baha Ohcebol. “Leveraging our FX expertise, TickTrade has built a real-time global payments solution designed with the flexibility to deliver tactical or strategic payments solutions while built to be integrated into existing infrastructure.”
Alex Culiniac, TickTrade CPO, adds, “Helping financial institutions deliver outstanding products to their customers is TickTrade’s mission. Our real-time global payments solution leverages state-of-the-art technology to give financial institutions of all sizes the tools they need to offer any payment type to any client segment, through any sales channel.”