Published on February 18, 2014
The Currency Cloud Cross Border Payments Platform Product Overview for Banks, Brokers and Financial Services Firms
Product Overview What does The Currency Cloud do? Build your business with The Currency Cloud’s easy-to embed Payment Engine. A nextgeneration service that lets your customers move money around the world quickly, transparently and securely. £ £ € € $ $ ¥ ¥ Receive Money 2 Convert Money Send Money
Product Overview How Do We Work With Financial Services Firms? The Currency Cloud works with Financial Services Firms in two key ways… 1. New Product Delivery - For Firms not currently offering an international payments service - Develop and deliver a new FX & payments services for your clients 2. Existing Product Development - For Firms looking to improve upon an existing service / product - Extend and improve existing FX & payment capabilities and reach - Cross-border enable existing products (e.g. multi-currency investments) - Scale, automate and reduce the operational cost / risk of existing infrastructure 3
Product Overview How Does The Currency Cloud Help You?? You focus on your customers 1 Simple cross border receiving, exchanging & sending money via the cloud 2 Regular local payments in 29 countries** Price management Trade routing Payment routing Risk management Compliance Alerting Currency Exchange Payments Fast Deployment Low Capex and Opex Settlement Clearing Matching Receipts The economics of a cloud based platform 4 Priority SWIFT Payments to 212 countries Competitive prices because we have wholesale buying power*** 4 Over 40 currencies The Currency Cloud does all the “heavy lifting” 3 We focus on infrastructure You No infrastructure cost * more pairs are available via phone, more online pairs keep being added ** local, in-country receipt is planned. Local payment network is always expanding *** you can also plug in your existing FX liquidity and payments network
Product Overview Why is The Currency Cloud Different? Traditional Supplier Issues Brokerage Relationship Service Provider Relationship Whenever you hear “commission free” you know you are paying over the odds. Our relationship with customer is that of “technology supplier” rather than broker. Disparate Platforms and No Automation A Single End-to-End Automated Platform Multiple non-integrated platforms imposes technology risk and operational risk & cost overheads. The Currency Cloud platform reduces complexity, minimizes operational risk and reduces operational costs. Price Visibility 100% Price Transparency Lack of pricing transparency at the point of transaction (or post transaction) leading to “how do I know what I have paid? Is it fair?” Transparent and auditable currency and payment pricing known pre and post execution of transaction. Price Consistency 100% Consistent Pricing Prices rarely consistent and often depends on “what your supplier can get away with” at the point of transaction. Pricing agreed & contracted up front and configured in The Currency Cloud platform, so will always be consistent. Unhappy payment senders and beneficiaries Bypass Traditional Payment Networks Correspondent banks may take fees for transferring money so the incorrect amount ends up at the end beneficiary. You have no control over this, nor visibility of fees pre-transaction. 5 The Currency Cloud Approach The Currency Cloud uses a network of local bank accounts and payment providers to ensure the end beneficiary receives the full amount.
Product Overview How our product is structured TCC Connect TCC Direct TCC Applications Payment Engine Cash Manager Payment Manager Conversion Manager Beneficiary Manager Your multi currency ewallet Make instant global payments Convert your funds at close to mid-market rates Set up and manage payment recipients 6
Product Overview What Other Features Are There? Payment Engine Currency Conversion & Payments Easy to use online interface – make a payment in less than 30 Convert amounts from as little as $1 seconds Over 200 currency pairs, 24x5 Full back office for managing funds and payments Same day, Spot and Forward currency transactions Real-time online activity reporting Guaranteed conversion rates at time of trading – no Email notifications when payments are sent Email notifications for payment errors Local payments in 28 countries Pre-validations of beneficiary details minimizes payment errors Same currency payments Aggregation of multiple currency price sources to ensure best 100% price transparency – we tell you exactly what we guessing, no risk. 100% P&L certainty prices earn Net and aggregate settlement for sold funds Plug in your own liquidity Secondary verification for confirmation of payments (four eyes Plug in your own payments network authorization) Payment and trade history – view online and download as a CSV 7 Bulk FX conversion and payments upload
Product Overview Case Study – UK Investment Bank Internal Staff Business Opportunity Large captive corporate client base already engaged via NOMAD, corporate broking and corporate finance businesses. The Currency Cloud Delivered A new FX revenue stream and corporate FX product, branded as the customer. All delivered with minimal investment and went live with end-users within 1 month. TCC Direct (branded) Your Brand End-Users £ New revenue stream 8
Product Overview Case Study – Peer to Peer Money Transfer End-Users Internal Staff TransferWise Platform Your Brand Business Opportunity Large client base gained through social marketing and reputation of founders (ex-Skype ) who wanted to expand their currency capabilities and offer low cost, “guaranteed”** payments £ Increased revenues 9 The Currency Cloud Delivered The infra-structure to expand into different countries, add currencies and deliver low cost local payments. All seamlessly integrated into the customers user experience and platform. ** The end-user sends $1 and the receiving beneficiary receives $1 - no correspondent fees or expensive SWIFT charges
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