Regional Banks are Losing the Technology WarApril 07, 2021
Technology reigns supreme in today’s financial world, with regional banks falling behind Fintech firms and large banks. The biggest banks are winning the most new accounts as of now, but the real kicker is having a seamlessly integrated online experience.
This article is a look into how regional banks are losing the battle for new customers, as young millennials are the largest demographic looking for a new banking provider. The pandemic has only exacerbated this problem for smaller banks, as the need for online-only services becomes ever more important…
#foreignexchange #forex #fx #payments #internationalpayments #finance #financeandeconomy #fintech #fintechfinance #usd #eur #gbp #jpy #markets #dollar #blockchain #transparency #currency #trading #euro #business #banking #financialmarkets #thefinancialbrand #financialtechnology
Stay in the Know
Keep on top of your business financials with the Paymentearth Market ReportSee the Latest Market Update
Our Clients are Thrilled
We used to use three FX companies in order to keep the rate reasonable. With Paymentearth, they walked us through how to calculate the exact spread we get on every deal! A big time saver and a great way to do business!
My guy at Paymentearth took the time to explain how Forward Contracts work, and how they can help my business. My bank never gave me half the attention of Paymentearth.
Paymentearth makes uploading an excel file of all my monthly payments very easy! I upload it on their site and I’m able to print a confirmation in minutes! When we combine this with transparency and knowing our exact spread, it is a no brainer!
It’s not often that we need foreign cash, but it’s very convenient to order what we need from Paymentearth, and have one less thing to worry about before the trip.
There is a big move toward transparency in FX, but then it can be impossible to actually talk to a real person. With Paymentearth, they analyzed my business, gave me a fixed rate, and I can call them anytime. Frankly, they’re just straight-up, and I appreciate that.
Almost any bank can help get a wire out, if that’s all you need. Paymentearth goes above and beyond for us though, and for a small business like ours, it makes a big difference to get such expert service. Of course, the rates are good too!
In my experience, banks are only willing to bend over backward if you’re a giant company. I’ve never felt that with Paymentearth. These guys are upfront, they’re knowledgeable, and they genuinely seem to value my business. It’s actually a pretty good feeling.