RCS - TIS - StoneX Global Payments & TIS Partner

Global PaymentsAnnouncement

09/05/2023 17:15

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RNS Number : 8288Y  TIS  09 May 2023

StoneX Global Payments & TIS Partner to Offer Enhanced FX Payment Services
for Corporate Treasury & Finance Teams

This partnership enables simplified access to global markets and optimized
cross border payments for corporate treasury and finance professionals.

BERLIN KÖPENICK, GERMANY / ACCESSWIRE / May 9, 2023 / Today, StoneX Global
Payments and TIS have formally announced an official partnership agreement.
Under the arrangement, StoneX and TIS will combine their extensive experience
in cross-border payments and cloud-native payment solutions to create an
unparalleled level of global service and coverage for corporate treasury and
finance teams.

Related Image
(https://cdn.newswire.com/files/x/fe/d3/91dab2704503f90cd0e52fe3e67e.png)

The partnership, which leverages both companies' comprehensive industry
knowledge and market-leading software solutions, enables corporate clients to
drastically simplify the complexity of cross-border and foreign exchange
payments. As a result, treasury and finance professionals can gain total
visibility over their FX transactions, as well as full transparency to FX
rates before transfers are initiated and executed. Ultimately, this gives
corporate clients a more cost-effective and straightforward workflow for their
FX payments, as well as increased protection against currency risks and other
common international payment challenges. Today, the service provides a gateway
into global markets across 140+ currencies and 180+ countries, allowing
clients to choose the right payment option in each scenario with a guaranteed
payment delivery of 48 hours or less.

"Teaming up with TIS unites their offering in key areas of corporate clients
with our strengths in global payment solutions and technology. This enables
our customers not only to leverage efficiency and automation potentials but
also to benefit from cost savings in the local currency business. We are
looking forward to a fruitful partnership with TIS", said Marc Joppeck
(https://pr.report/GHhdN804) , Head of Sales & StoneX Payments Division
Germany & Corporate Payments Europe.

The strong connectivity between TIS (https://pr.report/hX3B9RTI)  and their
customers' back-office systems and banks, following a multi-channel banking
approach across any preferred network, makes payment processes streamlined,
secure, and efficient. Both TIS and StoneX (https://pr.report/-5omwWYD)
 Global Payments have strong SWIFT (Society for Worldwide Interbank Financial
Telecommunication) partnerships and are fully compatible with ISO 20022, as
well as the full scope of other messaging standards in use today. This means
StoneX Global Payments and TIS can offer fully integrated and automated
end-to-end processes regardless of the unique requirements presented by
specific clients.

Regarding the benefits of this partnership, Jörg Wiemer
(https://pr.report/Z68D-4ag) , Co-founder and CSO at TIS, stated: "The
collaboration with StoneX Global Payments enables our customers to
significantly reduce FX payments costs and to further streamline cross-border
payment processes. With automated, ERP-integrated processes as well as full
transparency on cash flows and FX rates and 140+ currency options, and
guaranteed delivery within 48 hours, together with StoneX Global Payments, we
can offer unmatched services that allow our customers fast and efficient
simple access to global markets. We're excited to push this collaboration
further."

In recent months, StoneX Global Payments and TIS have already proven that the
benefits their partnership provides to organizations are critically important.
As of October 2022, TIS clients including the award-winning non-profit
organization IFAW (International Fund for Animal Welfare) are leveraging the
FX payment solution to achieve substantial cost-savings over their previous
setup. The partnership continues to deliver outstanding results for many other
clients as well.

Moving forward, the combined strength of StoneX Global Payments and TIS is
expected to continue creating enhanced global market access and optimized FX
strategies, resulting in a partnership that consistently delivers maximum
value to corporate clients.

About TIS

TIS helps CFOs (Chief Financial Officers), Treasurers, and Finance teams
transform their global cash flow, liquidity, and payment functions. Since
2010, our award-winning cloud platform and best-in-class service model have
empowered the entire office of the CFO to collaborate more effectively and
attain maximum efficiency, automation, and control. By streamlining
connectivity between our customers' back-office systems and their worldwide
banks, vendors, and business partners, TIS enables users to achieve superior
performance in key areas surrounding cash forecasting, working capital,
outbound payments, financial messaging, fraud prevention, payment compliance,
and more.

With over 11,000 banking options, $80 billion in daily cash managed, and $2.5
trillion in annual transaction volume, TIS has a proven track record of
combining our unparalleled market expertise with tailored client and community
feedback to drive digital transformation for companies of all sizes and
industries. As a result, hundreds of organizations and thousands of
practitioners rely on TIS daily to gain strategic advantage, monetize data,
improve operational efficiency, and better manage risk. Learn more
at https://www.tispayments.com/ (https://pr.report/9wtLkxDS)

About StoneX Global Payments

StoneX Global Payments is a product of the StoneX Group and specializes in
cross-border payments. We offer tailor-made foreign exchange and payment
services for corporates, NGOs, and financial institutions worldwide. Our
global network of 350+ correspondent banks help us deliver transparent,
secure, and guaranteed payments in more than 140 currencies across 180+
countries. Clients are able to gain access to our services through a highly
scalable, efficient, and advanced payment platform that is easy to use.

StoneX Group Inc. and its subsidiaries are a leading provider of execution,
risk management, advisory, market information, and clearing services for
various asset classes and markets worldwide. Learn more
at https://www.stonex.com (https://pr.report/1lfIwC45)
 or https://payments.stonex.com/ (https://pr.report/usBfjAgk)

Contact Information

Jennifer Knutel

VP Marketing
jennifer.knutel@tispayments.com (mailto:jennifer.knutel@tispayments.com)

978-875-2085

Marc Joppeck

Head of Sales & StoneX Payments Division Germany & Corporate Payments
Europe
marc.joppeck@stonex.com (mailto:marc.joppeck@stonex.com)

SOURCE: TIS

 

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