Ebury, a fintech company enabling SMEs to carry out transactions as well as trade on an international level, and Treasury Intelligence Solutions, which delivers cloud-based corporate payments, partnered to create a joint solution made up of Ebury’s foreign exchange and multicurrency accounts services and TIS’ multi-banking platform. The joint solution targets increased transparency regarding payments processes in foreign currencies and seeks to reduce foreign exchange spreads.

A pain point for growing companies in the current globalised world is that they often have de-centralised payments processes, where their local branches often do not seek the headquarters’ advice on foreign payment settlement that they neither have the funds or an account for. The consequence of this process is that treasury departments can have trouble managing payments across the business.

Seeing the above problem, Ebury and TIS joined forces to assist companies in settling foreign exchange payments and save money in the process. In the partnership, customers can centrally manage transactions on TIS’ platform and automated rule-based routing ensures that international transactions via Ebury’s platform are carried out in the most efficient manner.

Juan Lobato, CEO of Ebury, remarked:

“We view the partnership with TIS as strategic where together we are offering a solution that helps corporations better manage multiple banks while having the integrated access to Ebury’s FX and international payments capabilities at competitive rates.”