Financial services provider Tramonex has partnered with Saxo Payments for segregated client accounts in 25 currencies, and FX liquidity.
Tramonex also joined the Saxo Payments Banking Circle, which will enable it to offer its clients individual, physical and virtual accounts with unique International Bank Account Numbers (IBANs).
Tramonex previously offered its clients’ accounts from Tier 1 and 2 international banks.
Tramonex CEO Amine Berraoui said: “In the past, only banks were able to offer ‘account opening’ facilities but these were cumbersome with slow and expensive payments processes, but there was no other choice. However, the Saxo Payments Banking Circle has changed all that. It offers us the ability to empower our clients in a way the traditional banks never could. The transparency provided to our clients, by having their own unique account, with IBAN, in their own name, is market-leading, helping us to stay ahead of competitive offerings.”
Saxo Payments chief executive Anders la Cour said: “Tramonex aims to put its clients in control of their international working capital, and we are helping them to do that by providing a transparent, efficient and cost effective cross border transfer solution. We look forward to working together to further develop solutions to benefit Tramonex clients in their FX transactions.”