Taking foreign exchange to the future
Payments Innovation
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Is MTFX Ready for the Big Show?
The globalized economy has moved faster than the payment infrastructure can keep up with the demand of cross-border payments. Most community banks don't have an offering for foreign exchange, even though many of their customers need it. As more players get involved and spreads go down, they're going to have to find ways to make money. We're still operating on a swift payment system that involves messaging through several different partner banks just to transfer from one bank to another.
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