BERLIN KOPENICK,
TORONTO, ON, MAY 9 (ACN Newswire) – KOPENICK, Berlin, Germany Today, StoneX Global Payments and TIS declared their official collaboration. StoneX and TIS’s combined expertise in international payments and cloud-based payment solutions will provide global corporations with an unparalleled level of service and security in their treasury and finance operations, according to the plan.
By combining the two firms’ resources, they want to help their corporate customers better navigate the challenges of international and foreign exchange (FX) transactions. Finance and treasury experts may thus check the current exchange rate for the currency they intend to transfer before actually making the transfer. This streamlines and reduces the cost of FX payments for organisations while also protecting them from currency risk and other frequent international payment difficulties. With the service, customers may transact in over 140 different currencies and 180 different countries, choose the best payment method for any given situation, and be certain that their funds will be transferred within 48 hours.
TIS’s offering in important areas for corporate customers is strengthened by our knowledge and experience in international payment services and innovation. In addition to the time and money savings from our streamlined processes and cutting-edge technology, our clients also benefit from the local currency exchange. Marc Joppeck, head of sales and the payments division at StoneX in Germany and corporate payments in Europe, is looking forward to collaborating with TIS.
Using a multi-channel banking strategy via the client’s preferred network, TIS integrates with its clients’ back-end systems and banks in a way that is smooth, safe, and efficient. ISO 20022 and the complete spectrum of additional communications criteria in use today are met by both TIS and StoneX Global Payments thanks to their separate affiliations with SWIFT (Society for Worldwide Interbank Financial Telecommunication). StoneX Global Payments and TIS are able to provide end-to-end procedures that are completely integrated and automated and may be customised for any customer.
As TIS co-founder and Chief Strategy Officer Jorg Wiemer explained, “the cooperation with StoneX Global Payments allows our clients to substantially lower FX payments expenses and to even more simply cross-border payment procedures.” Together with StoneX Global Payments, we provide unrivalled services that provide our clients speedy and effective entry into global markets. These include fully automated, ERP-integrated procedures; full transparency on capital and FX rates; 140+ currency alternatives; and guaranteed shipment within 48 hours. We’re looking forward to expanding our partnership.
The value of the collaboration between StoneX Global Payments and TIS has been demonstrated over the past few months. Since October 2022, TIS customers who use the FX payment option have been able to save a tonne of money, including the well recognised non-profit organisation IFAW (International Fund for Animal Welfare). Many other customers have also seen tremendous growth as a result of working with you.
Together, StoneX Global Payments and TIS are expected to continue improving business clients’ access to international markets and facilitating more streamlined foreign exchange (FX) transactions.
Introducing TIS:
TIS aids Chief Financial Officers (CFOs), Treasurers, and Finance departments in adapting to worldwide shifts in capital, liquidity, and payment operations. Since 2010, our market-leading cloud platform and innovative service design have helped CFO offices enhance communication, automation, and control. Cash flow forecasting, working capital management, external payments, financial messaging, fraud prevention, payment compliance, and other areas are all aided by TIS by facilitating a more robust connection between customers’ back-office systems and their global banks, suppliers, and business partners.
With 11,000 banking options, $80 billion in everyday money handled, and $2.5 trillion in annual deal volume, TIS has a proven track record of integrating our exceptional market knowledge with individualised customer and community feedback to drive digital change for businesses of all sizes and in all markets. Because of this, a sizable population and a sizable number of enterprises rely on TIS on a consistent basis to gain a competitive edge, monetize data, improve operational efficiency, and lessen risk. For additional information, please go to https://www.tispayments.com/.
Regarding StoneX Global Deals
The international wire transfer experts at StoneX Global Payments are part of the larger StoneX Group. We provide individualised payment and foreign exchange solutions for organisations and financial institutions all around the world. Through our worldwide network of 350+ reporting banks, we are able to facilitate transparent, safe, and guaranteed payments in over 140 currencies to 180+ countries. An efficient, scalable, and highly intelligent payment system grants our consumers access to our services.
StoneX Group Inc. and its subsidiaries are without peer in the provision of execution, risk management, advisory, market information, and cleaning services across a broad spectrum of asset classes and international markets. To read more about StoneX, please go to https://www.stonex.com or https://payments.stonex.com/.
Details for Making Contact
Jennifer.knutel@tispayments.com (978) 875-2085 Marketing Director Jennifer Knutel
Marc Joppeck, Head of Sales and StoneX Payments Division and Corporate Payments Europe
marc.joppeck@stonex.com
MAY 9, 2023 (ACN Newswire) – GERMANY StoneX Global Payments and TIS have announced their formal partnership today. Under the concept, StoneX and TIS will combine their extensive knowledge of international payments with cloud-based payment solutions to create an unprecedented standard of service and security for corporate treasury and financing departments throughout the world.
With the help of this partnership, business clients may greatly simplify the complexities of cross-border and FX payments by capitalising on the knowledge and experience of both companies. So treasury and finance professionals may see the exchange rate for the currency they’re transferring before they initiate the transfer. The end result is a simplified and cheaper FX payment process for businesses, with added protection against currency risks and other common worldwide payment hurdles. The service now provides access to global markets in more than 140 currencies and 180 countries, allowing users to select the optimal payment option for each scenario and guaranteeing payment transportation in 48 hours or less.
Our expertise in international payment services and innovation complement TIS’s offering in key areas for corporate customers. Our customers are able to save money through the local currency exchange in addition to gaining efficiency and automation benefits. Head of Sales & & StoneX Payments Division Germany & & Corporate Payments Europe Marc Joppeck expressed optimism about working with TIS.
TIS’s seamless integration with the back-end systems and banks of its customers, using a multi-channel banking approach through the client’s preferred network, ensures streamlined, secure, and efficient operations. Both TIS and StoneX Global Payments are fully compliant with ISO 20022 and the full range of other messaging requirements in use today, including their respective partnerships with SWIFT (Society for Worldwide Interbank Financial Telecommunication). Because of this, StoneX Global Payments and TIS can offer fully integrated and automated end-to-end procedures, tailored to each individual client’s needs.
Co-founder and Chief Strategy Officer at TIS Jorg Wiemer elaborated on the benefits of the partnership as follows: “The cooperation with StoneX Global Payments allows our clients to substantially lower FX payments expenses and to even more simply cross-border payment procedures.” Together with StoneX Global Payments, our automated, ERP-integrated processes, complete transparency on capital and FX rates, 140+ currency options, and guaranteed shipment within 48 hours allow us to offer unmatched services that give our clients rapid and effective basic access to global markets. We’re excited to take our collaboration to the next level.
StoneX Global Payments and TIS have proven in recent months that the benefits their partnership provides to businesses are extremely important. Since October 2022, TIS clients like the well regarded non-profit organisation IFAW (International Fund for Animal Welfare) have been able to save a considerable amount of money by using the FX payment option. Numerous other clients have also had remarkable success thanks to the partnership.
As time goes on, we predict that the combined power of StoneX Global Payments and TIS will continue to generate better global market access and superior FX procedures, resulting in a partnership that consistently gives maximum value to business clients.
About TIS
Changes in international capital, liquidity, and payment operations are made easier by TIS’s assistance to CFOs (Chief Financial Officers), Treasurers, and Finance departments. CFO offices have been able to improve collaboration, automation, and control thanks to our industry-leading cloud platform and cutting-edge service design since 2010. TIS helps customers improve their efficiency in key areas such as cash flow forecasting, working capital management, external payments, financial messaging, fraud prevention, payment compliance, and more by strengthening the connection between their back-office systems and their global banks, suppliers, and business partners.
TIS has a proven track record of integrating our exceptional market knowledge with individualised customer and community feedback to drive digital change for businesses of all sizes and in all markets, with 11,000 banking options, $80 billion in everyday money handled, and $2.5 trillion in annual deal volume. As a result, many businesses and a large number of individuals rely on TIS on a regular basis to gain a strategic advantage, make money from data, raise operational efficiency, and reduce risk. Visit https://www.tispayments.com/ to learn more.
About StoneX Global Payments
StoneX Global Payments is a division of the StoneX Group that specialises in international wire transfers. For businesses, non-profits, and banks all across the globe, we offer bespoke foreign exchange and payment services. Transparent, secure, and guaranteed payments in over 140 currencies to 180+ countries are made possible via our global network of 350+ reporting banks. Our customers have access to our services via an effective, scalable, and highly intelligent payment mechanism.
When it comes to providing execution, risk management, advice, market information, and cleaning services across a wide range of asset classes and global marketplaces, StoneX Group Inc. and its affiliates are unrivalled. Visit https://www.stonex.com or https://payments.stonex.com/ to learn more.
Contact Information
Details for Making Contact
978-875-2085 jennifer.knutel@tispayments.com Jennifer Knutel, Vice President of Marketing
Jennifer Knutel
VP Marketing
jennifer.knutel@tispayments.com
978-875-2085
Sales & StoneX Payments Division & Corporate Payments Europe Head, Marc Joppeck
marc.joppeck@stonex.com