The tool should allow companies to follow transactions as “we follow the delivery of a package,” says the start-up. A transparency to which banks still balk.
« Your international payment is parked in bank X. This is the kind of information that clients of French fintech iBanFirst doing international transactions will soon be able to obtain. The young growth has indeed launched this Thursday a “tracker” which should make it possible to follow its payments ” exactly as we follow the delivery of a package », Explains Pierre-Antoine Dusoulier, the boss of iBanFirst. Its particularity: being able to be accessible by its client via a transferable link.
« The international payments of many companies are often delayed or blocked without them being able to understand why. It is a major source of stress », Adds Pierre-Antoine Dusoulier. And for good reason, to reach its destination, each transaction must pass through several banking intermediaries, because only certain establishments have the authorization to make international payments – we speak of clearing bank.