Thunes Revolutionizes Cross-border Payments with Swift Integration for Banks

Thunes Accelerates Global Payments for Banks

In a groundbreaking move within the financial technology sector, Thunes, recognized as the Smart Superhighway for global money transfer, is revolutionizing the cross-border payment landscape. The introduction of its innovative Pay-to-Banks solution allows financial institutions to leverage their existing Swift connectivity—making it seamless and efficient. Banks currently part of the Swift network can connect to Thunes' Direct Global Network without needing complex integrations, enabling rapid transfers to approximately four billion bank accounts worldwide.

Enhancing Payment Efficiency

This latest development marks a significant milestone, as more than 11,000 banks are now positioned to utilize Thunes' extensive network. The capability to initiate both business and consumer payments globally facilitates faster transactions across over 130 countries. In today’s fast-paced digital economy, the demand for real-time payments has skyrocketed, and Thunes aims to meet this growing need.

Chloe Mayenobe, the President and COO at Thunes, states, "By extending the accessibility of our Direct Global Network via Swift, we are enabling banks to deliver faster, secure payments across both traditional financial systems and emerging payment methods." This service not only improves transaction speed but also enhances the user experience for customers seeking efficient banking solutions.

A Growing Market Demand

Recent statistics reveal that the B2B payments market soared to an impressive $150 trillion in 2024, indicating robust growth potential for financial solutions that prioritize efficiency and speed. To address this demand, Thunes has rolled out expanded capabilities for its Pay-to-Wallets solution. This allows banks to send global business payments via Swift connectivity, thereby supporting transactions to over 120 wallet brands and facilitating real-time payments to around three billion mobile wallets worldwide.

Securing Transactions with Advanced Technology

Thunes ensures comprehensive security and compliance with its innovative technology platforms. The SmartX Treasury System prioritizes advanced liquidity management and transparency for its users, while the Fortress Compliance platform provides rigorous risk controls. This commitment to security assures banks and their customers that their transactions are not only quick but also secure and compliant with financial regulations.

Simplifying Payment Processes

The user-friendly nature of Thunes' solutions means individuals can effortlessly send money to relatives abroad or small businesses can pay vendors instantly through their banking apps without the usual delays. Small changes in operational procedures, combined with the ease of integration for banks, have the potential to significantly enhance user satisfaction in global payments.

Elie Bertha, Chief Product Officer at Thunes, emphasizes the strategic importance of their innovations: "We are committed to helping financial institutions deliver faster, more efficient services to their customers," he said. By employing Thunes' technology, banks can streamline operations, increase transaction speed, and ultimately deliver a better service to their end-users, regardless of their location.

The Future of Payments

As Thunes continues to iterate on its service offerings, it is clear that financial institutions are poised to transform how they manage cross-border payments. The integration of Swift with their payment solutions is a milestone that underscores Thunes’ commitment to driving the future of payments, bridging the gap between fiat currencies, digital assets, and global wallets. The company is not just a player in the market, but a pioneer in shaping the future of financial transactions on a global scale.

With Thunes leading the charge, banks are increasingly equipped to meet consumer expectations in a rapidly changing digital landscape. As this technology continues to evolve, so does the potential for innovative financial services that prioritize customer needs and adapt to the complexities of global finance.

This strategic initiative by Thunes not only positions banks for success within the modern economy but also reaffirms their commitment to advancing the payment experience for millions across the world. As the Thunes network expands, the possibilities for efficient, secure, and fast cross-border payments become more attainable than ever before.