An innovative international payment collection platform using fintech and FPS technology to support SMBs with international transactions that could cut fees by 83%

An%20innovative%20international%20 payment%20collection%20platform%20using%20fintech%20and%20FPS%20technology%20to%20support%20SMBs%20with%20international%20transactions%20that%20could%20cut%20fees%20by%2083%

• 批准号: 10098770
• 金额: $ 36.7万
• 依托单位: FUTURE BUSINESS VISION LTD
• 依托单位国家: 英国
• 项目类别: Collaborative R&D
• 财政年份: 2024
• 资助国家: 英国
• 起止时间: 2024 至 无数据
• 项目状态: 未结题
• 来源: https://gtr.ukri.org/projects?ref=10098770
• 关键词: innovative; international; payment; collection; platform

MoneySuite is a UK-based fintech SME with a core project team of Deva Balakrishnan (Project Manager/Product Architect), Shanmugapriya Selvaraj (Technical Lead/Developer), Anis Sabeer (Product Owner) and Tania Groomer (Quality Assurance).Despite supplying almost a third of the UK's total exports, small and medium-sized businesses (SMBs) face significant challenges when it comes to international trade. Currently, transactions come with high commissions and low exchange rates, negatively affecting these companies' revenue and profits. In addition, payments can take a long time to process, with SMBs waiting for up to a week before receiving funds. All this means that SMBs cannot compete as effectively as they should. Thus, there is a clear need for a solution that will allow such companies to trade internationally without losing considerable time and money.To meet this need, MoneySuite is developing a novel system called WorldSettle that allows SMBs to quickly collect payments internationally with lower commission rates. This cost-effective approach uses novel technology and can save SMBs up to 83% in fees.Currently, the high commission rates associated with international transactions particularly affect small businesses that are run by individuals from lower socioeconomic backgrounds. These small business owners face reduced profits as a result. MoneySuite's solution provides a cost-effective, convenient answer to the problems associated with international payment collections.

MoneySuite is a UK-based fintech SME with a core project team of Deva Balakrishnan (Project Manager/Product Architect), Shanmugapriya Selvaraj (Technical Lead/Developer), Anis Sabeer (Product Owner) and Tania Groomer (Quality Assurance).Despite supplying almost a third of the UK's total exports, small and medium-sized businesses (SMBs) face significant challenges when it comes to international trade.目前，交易具有高佣金和低汇率，对这些公司的收入和利润产生了负面影响。此外，付款可能需要很长时间才能处理，中小型企业在收到资金之前最多等待一周。所有这些意味着中小型企业无法尽可能有效地竞争。因此，明确的解决方案需要解决此类公司在国际上进行交易而不会损失大量时间和金钱。为了满足这一需求，Moneysuite正在开发一种名为Worltsettle的新型系统，该系统允许SMB以较低的佣金利率在国际上快速收取付款。这种具有成本效益的方法使用新技术，可以节省高达83％的费用。目前，与国际交易相关的高佣金利率特别影响来自较低社会经济背景的个人经营的小型企业。结果，这些小型企业主的利润降低了。 MoneySuite的解决方案为与国际付款收集相关的问题提供了具有成本效益，方便的答案。