Remove Cash Management Remove Compliance Remove Credit Risk Remove Foreign Exchange
article thumbnail

A Closer Look At Ripple’s Money-Saving Claims

PYMNTS

It’s an error-prone process, the report added, with banks still handling the cost of compliance, payment processing and FX. The most obvious is foreign exchange, the cost to sell and buy another currency. This also means that cash management and account maintenance can save FIs up to 74 percent, the company calculated.