👀 Less integration: British fintech Atlantic Money🇬🇧 challenges SWIFT.

👀 Less integration: British fintech Atlantic Money🇬🇧 challenges SWIFT.

Atlantic Money's cross-border network portals allow users to make international transfers using almost any banking app… and at a much lower cost: the fixed fee is just £3 per transfer

▶️ Designed for Recurring Transfers: The portals are optimized for frequent international payments.

▶️ Benefit for Atlantic Money — The company saves time and money by avoiding complex integrations with banks and third-party systems.

▶️ Benefit for the user — After a simple one-time setup, users can manage a unique set of portal accounts for each recipient. These portals can be GBP accounts (sort code + account number) for USD transfers or IBAN accounts for euro transfers, with no additional confirmations required.

▶️ Funds sent via Atlantic Money are automatically converted and deposited into the recipient’s foreign account.

▶️ You can transfer up to £1 million in major currencies like 💸 EUR, 💵 USD and 💸 INR.

▶️ Processing Time: Standard transfers are completed within 2 business days, while express transfers are instant.

▶️ Practical tip: analysis of 40,000 transfers shows that 94% of users who regularly send money do so to the same recipient.

…In short, the concept is innovative. But if someone prefers the *"traditional way"*, they can still use Atlantic Money without any issues.

#news #Europe

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