#None #Orbital #ClearBank Europe #euro payments

Orbital Collaborates with ClearBank Europe to Revolutionize Euro Payments

In a significant advancement for real-time payment solutions in Europe, Orbital, a leading cross-border payment platform, has partnered with ClearBank Europe. This partnership aims to bridge the gap between traditional banking systems and digital asset payments, offering businesses more efficient transaction capabilities.

The Need for Improved Payment Solutions

Cross-border payment systems like SWIFT have long been criticized for their high costs, slow transaction times, and lack of transparency. As enterprises increasingly engage in trading across European borders, they often find themselves navigating a complicated patchwork of payment networks, including bank transfers, stablecoins, foreign exchanges, and local payment options. This intricate landscape can lead to challenges in liquidity management, counterparty identification, and reconciliation for corporate treasury teams.

Partnership Benefits

The collaboration between Orbital and ClearBank Europe enables Orbital’s enterprise clients to access real-time euro clearing and embedded banking services. ClearBank's robust infrastructure supports compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, providing businesses with the reassurance of banking-grade compliance.

Entrepreneurs and enterprises stand to benefit significantly from this partnership. Direct access to SEPA (Single Euro Payments Area) infrastructure with named IBANs streamlines the process of managing euro bank transfers, allowing businesses to avoid high fees associated with international transactions. This is especially crucial for companies looking to improve operational efficiency and cash flow through SEPA Instant Credit Transfers.

Enhanced Treasury Solutions

In addition to facilitating euro transactions, Orbital offers a wide array of treasury solutions, including stablecoin management, foreign exchanges, and local payout rails. All of these features are accessible via a unified platform, promoting not just speed but also cost efficiency in cash flow management.

With features such as real-time wallet tracking, comprehensive counterparty identification, and efficient reconciliation across fiat flows, risks are significantly reduced, thereby supporting the stringent compliance demanded by high-volume, multi-jurisdictional businesses.

CEO Insights

Chris Mason, CEO of Orbital Group, expressed enthusiasm about the partnership, stating, "Stablecoins are gaining popularity, and we are witnessing a surge in enterprises aiming to harness digital assets for better cash and treasury management, particularly across borders. If the foundational rails are not real-time, then the payment flow cannot be optimized. This direct access to SEPA with ClearBank Europe fills that crucial gap for our customers."

He went on to highlight ClearBank's capabilities, mentioning that their technology and compliance credentials made them the ideal partner in this venture. "ClearBank Europe stands out with its market-leading API and impressive real-time clearing capabilities, making it the premier embedded banking provider in Europe,” Mason added.

ClearBank's Role

Ezequiel Canestrari, COO of ClearBank Europe, echoed Mason’s sentiments, calling this collaboration a pivotal moment for both firms. ClearBank's ability to deliver innovative banking services and real-time payments complements Orbital's mission to provide secure, seamless transaction solutions to their customers.

About Orbital

Founded in 2017, Orbital has emerged as an award-winning global payment orchestration platform, dedicated to delivering secure and compliant payment solutions for both stablecoins and traditional currencies. The company operates under a multi-jurisdictional licensing framework and adheres to international security standards, ensuring robust service delivery across different markets.

Orbital's solutions empower businesses with tools for effective treasury management, creating opportunities for enhanced liquidity and operational efficiency in a rapidly evolving financial landscape.

Conclusion

The partnership between Orbital and ClearBank Europe marks a new era in euro payment processing. By merging the strengths of traditional banking with the agility of digital currency solutions, both companies are paving the way for a more efficient and compliant payment ecosystem in Europe. As stablecoins enter the mainstream, enterprises can look forward to embracing new digital tools to streamline their financial operations.