Payments validation firm Apply Financial has collaborated with Currencycloud to eliminate the complexity of international payments.

Under the partnership, Currencycloud will integrate with Apply Financial’s Validate API.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The integration is said to facilitate Currencycloud’s beneficiary account validation service.

Apply Financial founder and CEO Mark Bradbury said: “We are delighted that CurrencyCloud selected Validate API, to intuitively guide, validate and enrich international bank payments at payment entry, allowing Currencycloud to further remove the complexity for their customers making international payments.

“Using the Validate API Self Service area, Currencycloud is able to go live with Validate API painlessly and as part of a rapid roll out.”

Apply Financial noted that its APIs will boost Currencycloud’s Straight Through Payments (STP) rates.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The APIs are also said to enable Currencycloud lower payment delays and failures, as well as adhere to changing regulatory norms.

Currencycloud senior product owner of payments Piers Marais said: “With one simple integration to Apply Financial’s API suite, Currencycloud has been able to extend and enhance its validation coverage in a matter of weeks.

“Customers will benefit immediately from our new partnership, seeing fewer payments held up in transit or returned back to them, and more payments landing more quickly into beneficiary accounts.”

Currencycloud was recently in the news for its tie-up with remittance firm WireBarley.

The alliance was aimed at supporting WireBarley’s expansion into the US.