Correspondent-banking-as-a-service augments existing primary banking infrastructure. Leading FX and payment partners can deliver better currency coverage, global payment corridors (including international ACH) and when combined with the strengths of existing banking relationships, Datasoft's Correspondent-banking-as-a-service delivers more complete global coverage atop sophisticated world-class technology.
FX and payment partners each tend to have unique specialities with specific payment routes, currency pairs, treasury products and technical automation. Datasoft's correspondent-banking-as-a-service allows financial institutions to leverage the unique strengths of multiple FX and payment partners from a single experience or omnichannel API source. Adding exotic currencies, niche payment corridors or treasury products like virtual IBANs can complement the strengths of existing banking infrastructure.