Fable Fintech like the Rolls-Royce Engine of Aircraft Powers Cross-Border Payments for Banks
Fable Fintech like the Rolls-Royce Engine of Aircraft Powers Cross-Border Payments for Banks
Everyone has that friend they turn to for specific wisdom. That one m person has navigated a set of circumstances that qualify them to give excellent advice. Or they studied and pored over a subject – so much so – that they are now an authority on it. There is that one area in which – if they state a certain opinion – one can take it to the bank, and trust it to pay one back. Access cross-border payments technology from the platform specialists – for a payments business on your own terms.
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Rolls-Royce helps Airbus spin its wheels, literally…
Think of the mechanism at the very core of the largest aircraft manufacturer of our times. Airbus trusts another oft-crowned top-seed like itself – Rolls Royce – to be the maker of their engines. It is easy to see why.
Intel chips for the toughest laptops and computers…
The most powerful laptops aren’t made using integrated circuits the manufacturer crafted into silicon themselves. Most likely, it came from the stables of Intel. The intelligence borrowed from a well-known, time-tested, and renowned specialist helps the laptop manufacturer command its market position.
Diebold for banks around the world…
Banks sprouted ATMs with great speed at one time. They relied on ATM manufacturers like Diebold and NCR to ship them secure, reliable ATM technology. Banks did not and will not bog themselves down on the nitty-gritty of security-embedded integrated circuitry for the teller machine. They focus on offering banking services instead.
The essence of collaboration
Masterful business operations often require relying on the mastery of others in their respective niches, as we see in all the above examples. On paper, the collaboration might be a profit-sharing model, an end-to-end collaboration, or a well-defined co-branding effort. But in spirit, it brings together a whole that is greater than the sum of its parts.
What specialization for hire means for your cross-border payments business
For banks on the fast track to achieving a growing cross-border payments footprint, the complexity of the payments industry need not (and should not) be a hindrance. The modern bank sharpening its focus on its cross-border payments business can benefit from partnering with a specialist collaborator in a multitude of areas.
- Bring payment settlement timelines close to real-time.
- Provide status updates and reports for every stage of the remittance value chain, enhancing security and peace of mind for the end-user.
- Mean the difference between astronomical costs of transaction fulfilment and a more approachable one. Cross-border payment systems backed by new-age technology are closing in on a wide variety of cost-effective measures. These savings are well on their way to being enjoyed by the end users.
Conclusion
And what is specialization without configurability for specific banking needs or financial services offerings?
- Book a demo
- Customize a platform for your needs
- Go live in weeks!
To acquire the platform, book a demo with the Fable Fintech cross-border platform experts;
