Articles

What can SmartConnect achieve?

By Jonathan Cook August 30th, 2024

Smart Connect is a cascade of shared technology that all starts with our cutting-edge APIs.

SmartConnect is the latest solution developed by Smart Currency Fintech. As with all of our products, the genesis of the idea was in discussions with our clients and partners. SmartConnect aims to solve real-world problems our clients face in their daily operations, as well as allowing them to approach the future with confidence.

So, what exactly is SmartConnect and what issues can it help your business overcome? Let’s take some time to get to know the product.

What is SmartConnect?

SmartConnect provides your business with an oven-ready international payments offering for your clients. This allows our clients to host an international payments section on their website or within existing infrastructure, which your clients can then use to book a variety of currency contracts, including spot and forward contracts. All this is powered by Smart Currency Fintech’s SmartConnect API.

Why did we call it SmartConnect? In naming our new product, we realised that the system functions a bit like a family tree. Our clients use Smart Currency Fintech’s technology on their site, with their clients then benefiting from the technology provided. In that way, it’s a cascade of shared technology that all starts with our cutting-edge APIs.

How does implementation work?

Once we have a good understanding of your clients and regulatory requirements, you’ll need to integrate with our SmartConnect API. Our compliance team will carry out the necessary checks in the background of your clients that wish to do international payments to ensure there is a high level of comfort.

Will Smart Currency Fintech contact your clients?

This is entirely up to you. We offer two options here:

  1. Non-white label solution
  • Smart Currency Fintech will be able to contact your client if we need any information.
  • Any notifications (if switched on) via email would come from us.
  1. White-label solution.
  • Smart Currency Fintech will always contact you first and then you will communicate to your client to get any information we require.
  • Any notifications (if switched on) via email would come from us but white-labelled, meaning it would appear with your company’s label.

How can SmartConnect support your business?

  1. Quick implementation

SmartConnect offers an oven-ready API that integrates seamlessly into any platform. This reduces the time and effort required for setup, allowing you to offer international payment services rapidly.

2. Increased client retention:

Offering your clients an international payment solution helps keep your clients engaged and disincentivises them from using external currency conversion providers.

3. Cost-effective implementation:

By using SmartConnect’s technology, you can avoid the high costs associated with developing and maintaining an in-house payment system.

4. Robust compliance and security:

SmartConnect ensures all transactions comply with regulatory requirements and are protected by advanced security measures, providing peace of mind for both your company and your clients.

To learn more about SmartConnect and the benefits it could bring your business, message [email protected] or call 020 3918 7255. If you’re new, please register with Smart Currency Business today.