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A Polish company is one of the leading providers of international advisory, consulting and payment processing services to the company’s and individuals. Recently the company has launched two services through an on line platform: electronic currency exchange and Escrow trust account. The company is offering its services to financial institutions interested in license agreements.
A Polish company specialized in money processing technologies developed financial services tailored to the needs and requirements of customers, through on line platform.
The quality and safety of the services is verified and guaranteed by company, which is listed on the NewConnect market on the Warsaw Stock Exchange. The company actively participated in the Polish Ministry of Finance’s Program for the Development of Cashless Transactions in Poland in 2010-2013.
The company has launched two products on the on line platform: electronic currency exchange and Escrow trust account. The innovation of foreign exchange services is the 24/7 delivery of currency without spread charges (the spread is the difference between the purchase and sale of currencies, charged by all intermediaries of such transactions). An Escrow trust account is an online trustee’s service, which does not require the parties of the contract to meet in the real world, while ensuring the safety of the transactions.
The company is looking for a new clients from the financial/banking sector that would be interested in above described services with in the framework of license agreement.
The company offers innovative services with a number of advantages over traditional escrow, and foreign exchange methods.
Benefits for users of Escrow trust account:
• eliminate the risk of insolvency of the counterparty;
• reduce the risk of receiving faulty goods or late payment;
• opportunity to negotiate contract terms;
• access to the templates of contracts, transaction types, definitions and payment instructions;
• easy and mobile access to initiate, negotiate and complete the transaction;
• access to documentation and reports on the state of transactions and payment flows.
Benefits for users of foreign exchange services:
• secure foreign exchange services in 24/7;
• avoid the cost of the spread, i.e. the difference between purchase and sale of currencies;
• access via mobile devices.
Benefits of merging both products:
• boosting liquidity and guarantee of payment for goods or services;
• the cheapest foreign exchange settlement;
• real impact on improving the quality, and delivery date of goods or services;
• portable and inexpensive access to non-stop services platform;
• counseling and advice conducted by the customer service department.
The vast advantage of the service is a flexible business model, mobility and cost, which thanks to the Internet platform is several dozen times lower than the Escrow accounts offered by traditional bank trustees or notaries. Thanks to their complementarity, both services accelerate and facilitate trade, making it safer at the same time.
Field of activities: financial/banking sector
Type of partner: Company
Trans-National Co-Operation: No Preference