Earthport, the global payments specialist, has been named as one of the ‘Fintech Power 50’. The accolade recognises the 50 most influential and innovative companies in the Fintech industry, who are playing leading roles in transforming financial services for the better.
Earthport was selected for its innovative cross-border payments network that offers an alternative to the traditional correspondent banking model. It addresses the pain-points of international payments by offering an innovative ‘hub and spoke’ model. This means that through a single connection with Earthport, banks, businesses and MTOs gain access to a truly global ACH network bringing new levels of predictability, transparency and cost-efficiency to the industry.
Amanda Mesler, CEO of Earthport, said, “It’s an honour to be included as one of the Fintech Power 50. Customer expectations towards payments has shifted dramatically over the last few years, with ease, insights and predictability cited as key requirements. When it comes to cross-border payments, there are still significant points of friction causing uncertainty as to when payments will arrive and the amount. That’s why we have invested in our network to make international payments as streamlined, predictable and cost-efficient as possible, enhancing the customer experience for our clients and their customers.”
Through its model, Earthport eliminates the need for intermediary deductions or landing fees. And its bank-grade compliance expertise provides peace of mind, creating a second layer of checks to support a client’s own regulatory and compliance framework. New routes can be added quickly in line with demand, and clients are further supported with their growth through end-to-end FX, treasury and cash management solutions.
Jason Williams, founder of The Fintech Power 50, commented, “We’re hugely excited to unveil the final 50 in our inaugural year. The Fintech Power 50 is not just another fintech list, nor is it a glitzy awards programme – we have built a platform from which members can collaborate effectively, benefiting from bespoke advice, comprehensive media coverage and exclusive event access. We look forward to seeing our members accelerate and establish new market positions over the coming 12 months.”