Banking is a rapidly changing industry, and the biggest paradigm shift that has occurred is the move to digital-only banks.
Millennials, in particular, are moving more frequently toward digital banking. And as a result, they're walking into their banks' traditional brick-and-mortar branches less often than ever before.
This shift to digital banking has come in many forms. Traditional powers such as Bank of America, JPMorgan Chase, Wells Fargo, and more have released mobile banking apps to let customers manage their accounts from their smartphones. And some startups have taken this approach one step further by creating digital-only banks that completely remove the need for a physical branch.
One fintech company taking matters even further has just launched in the real-time cross borders payment space. Its objective is to provide a competitive alternative to the existing opaque, siloed and inefficient banking networks.
Flash Payments is putting the user experience right at the center of their strategy.
Based in Sydney Australia, Flash Payments is a cutting edge fin-tech startup engineered from the ground up to deliver intelligent foreign exchange transfer services without hidden fees.
Using the innovative Ripple technology platform and XRP, Ripple's digital currency, Flash Payments delivers extraordinary transparency, security, speed and transactional control to users.
Flash Payments provides a lean high-performance foreign exchange transfer payment services that safely, efficiently and reliably provides users with a better customer experience for their foreign exchange transfer needs.
The technology tightly integrates payments messaging with funds settlements, allowing for unprecedented visibility and performance.
Unlike the banks, Flash Payments puts their customers in control. They can choose a target conversion rate, automate the international money transfer and track their currency transfer, like a package, from start to finish.