For Italian SMEs and corporations, cross-border transfers represent a way of regulating export and import flows to/from foreign countries with currencies other than Euro.
Digital platforms are spreading on the market, either with a direct model on the company or intermediated by the reference bank, offering the following functions, through an intuitive front-end and a rapid deployment: (a) international cash management, i.e. opening foreign currency accounts, in the countries of interest of the company, in a few hours and with a single registration, overcoming the classic model of "correspondent banks"; (b) fast international payments in over 100 currencies, both through domestic and international schemes; (c) solutions for exchange rate risk hedging; (d) credit lines with fast approval to finance import/export activity.
For a bank, the partnership with a specialist player represents a cost-efficient way to enrich its offering to corporate clients doing business abroad and enhance the proposition with which the commercial network can serve the SME and Corporate client base.
Nexi Partners:
