- Global Reserve Platform makes international payments seamless
- Company offers solutions for the $15 trillion global logistics industry and high-risk sectors
- “Banking in a Box” platform provides full front-to-back office processing for banks
As the nature of banking continues to evolve with customer demands for streamlined convenience, forward-thinking banks are increasingly adding a variety of services to their core offerings. The twentieth century saw the maturation of this process with the advent of universal banking and the emergence of banking behemoths like Citibank. Now, the forces that drove amalgamation appear to have run their course, and the services bundled in that era of consolidation are being unbundled by the application of digital technology to financial services. Will this mean the end of traditional banks or simply their metamorphosis? Whatever the future holds, FINTECH visionary Global Payout, Inc. (OTC: GOHE) is likely to be a part of it.
Global Payout is the developer of a fully configurable web-based platform created to fulfill the front-to-back office processing requirements of financial and other institutions. Designed as a “banking-in-a-box” solution, the company’s Global Reserve Platform (GRP) enables financial institutions to create customized SaaS solutions, providing domestic and international companies access to a single system that can be used to pay employees, contractors, agents and suppliers, regardless of their location.
The company’s adaptive solutions reveal a deeper FINTECH revolution. While established companies like IBM are building software systems and IT infrastructure for traditional banks, insurers and asset managers, their systems remain antiquated and high cost. Newer players are offering digital solutions to the financial industry and independent consumers and organizations that lower costs and maximize speed and efficiency.
The smart money has taken notice. Total global investment in FINTECH for the second quarter of 2017 was $8.4 billion, twice that recorded in the first quarter of 2017, according to KPMG’s latest FINTECH report (http://nnw.fm/Yc4De). Investors are showing interest in business-to-business (B2B)-related FINTECH opportunities, like Global Payout’s GRP, as banks scramble to reduce their cost base. Since a majority of customers have access to the Internet and some form of digital device, costly branch services are being deemphasized in favor of online distribution channels.
FINTECH is also stripping away services from the aegis of banks and other depositary institutions. For example, you don’t have to be a bank to make loans, as Lending Club, the peer-to-peer lending platform, has demonstrated. The 11-year-old company lends roughly $2 billion every quarter, significantly more than many longer-established savings & loans, and you don’t have to be a bank to want faster, easier ways to pay suppliers, manage working capital, or finance new trade opportunities. As world trade increases, payment mechanisms in the logistics industry are falling behind, with suppliers having to wait over a month, in some cases, for payment. Just as traditional banking developed mostly to facilitate trade and commerce, the advances in FINTECH have developed as a natural solution to the challenges faced by the logistics sector.
Global Payout’s GRP can ease some of those hardships. Its SaaS infrastructure can handle a variety of financial services, including but not limited to debit and credit cards; mobile wallets; merchant processing; bill payment and person-to-person (P2P) payments; international payments; loans management; FOREX; and payments made through SWIFT (Society for Worldwide Interbank Financial Telecommunication), ACH (Automated Clearing House) or SEPA (Single Euro Payments Area).
While Global Payout is initially focused on providing its solutions to the logistics market, a quick glance at its developments in the last year shows additional applications of FINTECH to a diverse lineup of industries, including those considered “high risk.” Marijuana Company of America (OTC: MCOA), which earlier this year invested $250,000 into Global Payout’s MoneyTrac Technology subsidiary, last year selected Global Payout as its financial solutions provider. The recent investment was designated to help establish MoneyTrac as an alternative banking solution to the cannabis industry, enabling MCOA to integrate and streamline electronic payment processing, such as E-Wallet and mobile applications, as well as manage and process prepaid cards, debit cards, and credit card payments.
In light of the evolving FINTECH market, along with the needs of logistics and high-risk industries like cannabis, Global Payout’s services couldn’t have come along at a better time.
For more information, visit the company’s website at www.GlobalPayout.com
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
No comments:
Post a Comment