Alviere & Currencycloud partner to provide multi-currency cross-border embedded finance solution
Alviere, the New York-based embedded finance platform provider, has today announced a partnership with Currencycloud, a leading provider of B2B embedded cross-border solutions, to provide its enterprise-class clients with the functionality of Currencycloud’s Spark solution – a multi-currency e-wallet with individual IBANs that allows customers to pay, hold, convert and collect in as many as 38 currencies simultaneously.
Alviere, through its Hive modular API technology, will be able to offer its large corporate clients the ability to embed financial services into their businesses and provide a full range of financial services to their customers.
The sophisticated technology behind both companies, combined with the speed of integration and breadth of offer gives Alviere increased capabilities and new business opportunities, in the form of providing real growth opportunities for their clients as they look to expand globally.
Steven Scofelia, Alviere’s Chief of Staff, commented: “There is a real demand from our customers for cross-border functionality and it’s a strategic component of our growth. We are excited to launch our partnership with Currencycloud to offer a combined solution to existing and new Alviere clients.”
David Heitzman, Vice President of Sales & General Manager of North America at Currencycloud, commented: “There was an immediate synergy between us and Alviere – their customer-focused approach to delivery mirrors ours and it felt like a perfect match from the start. That we both see embedded finance as the next big step for business is fantastic and we are thrilled to support Alviere in delivering that for its clients.”
The Currencycloud Spark solution has been incorporated into Alviere’s Hive solution and is available to existing and new customers today.
Notes to editors
Alviere provides the most complete embedded finance platform available today. The Hive, Alviere’s one-stop shop, single-integration modular technology platform empowers any company to offer a full range of financial products and services to its customers with plug-and-play ease. By streamlining access to the global financial system and ensuring governmental regulatory compliance, Alviere’s robust APIs and sophisticated SDKs enable clients to rapidly deploy FDIC-insured bank accounts, branded debit, prepaid and gift cards, cross-border remittance, and exchange fiat and crypto currencies. Proprietary AI-based identity, fraud management, risk reduction technologies, bond together to provide clients with safety, security and total peace of mind.
To find out how embedded financial products can dramatically increase profits, while improving customer satisfaction and retention – get moving and buzz into The Hive at www.alviere.com
Moving money around the world is hard. Setting up overseas bank accounts and dealing with distinct regulatory regimes takes up time, money, and resources. Currencycloud removes that pain, helping customers achieve their ambitions sooner than they dared dream. With a global, multi-currency account infrastructure, customers are able to collect, convert, pay and manage multiple currencies, anywhere in the world. Launched in 2012, Currencycloud has processed more than $65bn to over 180 countries, working with banks and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam and Cardiff, Currencycloud works with partners including Visa, Dwolla, and Mambu to deliver simple, clear financial infrastructure solutions for clients. They are regulated in the UK, US, and the EU.
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