Almond FinTech, a prominent B2B provider in the cross-border payments industry, has clinched the CrossTech ‘2024 Crypto Payments Solution in the Cross-Border Industry’ award for the second year running. This achievement not only cements Almond’s position as an industry leader but also underscores the company’s commitment to revolutionizing global financial transactions.
Over the past year, Almond has made significant strides in enhancing its proprietary Settlement Optimization Engine (SOE). This advanced system leverages cryptocurrency as a bridge currency, utilizing sophisticated data aggregation to recommend optimal currency exchange rates in real-time. The result is a more efficient cross-border payment process that offers increased speed, affordability, and transparency while simultaneously reducing risk.
Almond’s expanding global footprint is evident in its operations across 10 countries and support for over 30 digital currencies. This broad reach enables the company to address critical financial challenges on a global scale, facilitating smoother international transactions for businesses and financial institutions.
Adam Swartzbaugh, CEO and Co-Founder of Almond FinTech, expressed pride in the company’s achievement, stating, ‘Receiving this award is a testament to our team’s relentless commitment to pushing the boundaries of financial technology.’ He emphasized the company’s focus on understanding and anticipating customer needs, which has been key to their innovative approach.
The recognition from CrossTech further solidifies Almond’s role as a thought leader in the fintech industry. This status was highlighted by Swartzbaugh’s participation as a panelist at CrossTech, where he contributed to a discussion on ‘Business Payments: The New Revenue Stream for Remittance Companies.’ The panel, which included representatives from Remitly and Mastercard, explored the evolution of remittance companies from P2P to B2B payments and its impact on ecosystem expansion and global financial adaptation.
Priscilla D’Oliveira, COO of CrossTech, commended Almond FinTech’s innovative use of crypto technology, noting its transformative impact on the cross-border payment landscape. She highlighted how Almond’s solutions are enhancing transparency, speed, and affordability in global financial connections.
The implications of Almond’s continued success and innovation extend beyond the company itself. As cross-border payments become increasingly crucial in a globalized economy, solutions that streamline these processes can have far-reaching effects on international trade, business operations, and even individual financial transactions. Almond’s use of cryptocurrency as a bridge currency represents a forward-thinking approach to addressing longstanding challenges in international finance.
For businesses and financial institutions, Almond’s technology offers the potential for significant improvements in efficiency and cost-effectiveness when conducting international transactions. The near-instant settlements and optimized exchange rates provided by Almond’s SOE could lead to substantial savings and enhanced competitiveness in global markets.
As Almond FinTech continues to expand its services and refine its technology, it is poised to play an increasingly important role in shaping the future of cross-border payments. The consecutive CrossTech awards serve as a strong indicator of the company’s ongoing commitment to innovation and its potential to drive significant change in the global financial landscape.
For more information about Almond FinTech and its innovative cross-border payment solutions, interested parties can visit www.almondfintech.com. To learn more about the CrossTech Innovation Awards and their role in recognizing transformative solutions in the cross-border payments industry, visit www.crosstechpayments.com.
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