Mozrt (Formerly WireFX), a compliance-first payments technology platform, has partnered with Standard Chartered. Together, they will enable banks, credit unions, and fintechs to access Standard Chartered’s expertise and payments capabilities from within Mozrt’s payments platform. Notably, in emerging markets.
This strategic partnership between Standard Chartered and Mozrt offers US financial institutions simplified access to dynamic growth markets across Asia, Africa, and the Middle East. Mozrt provides opportunities for financial institutions to drive new revenue channels and customer growth for its clients. Especially with its end-to-end suite of compliance, account, inbound, and outbound payment solutions.
Through API-enabled integration of Standard Chartered‘s cross-currency capabilities in complex markets, clients can now facilitate payments through emerging market currencies across the markets Standard Chartered serves.
“We’re excited to give clients access to Standard Chartered’s payments and FX offering,” said Jeff Althaus, Mozrt president and CEO. “Standard Chartered is one of the most trusted names in international banking, with a long history of providing innovative solutions. Together, we can deliver a solution set to meet the needs of the most dynamic financial institution and fintech clients.”
Chris Burtch, head of correspondent banking, Standard Chartered Americas, said: “We are pleased to partner with Mozrt. We look forward to offering financial institutions the ability to facilitate commerce across the emerging markets. Today’s announcement is an exciting step towards enabling greater market participation through technology.”
Image and article originally from thefintechtimes.com. Read the original article here.