Summary

Almond FinTech, a B2B technology company, has introduced its Settlement Optimization Engine (SOE) to assist financial institutions in minimizing losses and delays in cross-border money transfers. The SOE uses routing optimization across multiple digital assets and currency exchanges to identify the best routing for moving funds across borders. It analyzes various factors in real-time and selects the optimal combination based on rates, fees, liquidity, volatility, reliability, and market trends. The resulting foreign exchange rate is then shared with Almond’s partner financial institutions and their customers.

Introduction

Almond FinTech has developed the Settlement Optimization Engine (SOE), a proprietary tool that enables financial institutions to streamline cross-border money transfers. By leveraging routing optimization across digital assets and currency exchanges, the SOE minimizes losses and delays, contributing to customer retention and acquisition. The engine considers multiple factors in real-time, such as rates, fees, liquidity, volatility, reliability, and market trends, to determine the best routing. Almond then shares the resulting foreign exchange rate with its partner financial institutions and their customers.

Main Points

• Almond’s Settlement Optimization Engine (SOE) assists financial institutions with cross-border money transfers.
• The SOE uses routing optimization across digital assets and currency exchanges to identify the optimal routing for funds.
• The engine analyzes various factors in real-time to determine the best combination of rates, fees, liquidity, volatility, reliability, and market trends.
• The resulting foreign exchange rate is shared with Almond’s partner financial institutions and their customers.
• Almond’s technology offers scalability and reliability, benefiting from the advancements in the digital currency industry and its global adoption.
• The company aims to provide fast and cost-effective cross-border payment solutions across jurisdictions and use-cases.

Conclusion

Almond FinTech’s Settlement Optimization Engine (SOE) is empowering financial institutions to minimize losses and delays in cross-border money transfers. By leveraging routing optimization and analyzing various factors in real-time, the SOE selects the optimal routing and foreign exchange rate. This technology offers scalability and reliability, addressing a long-standing problem in the financial industry. Almond’s innovation contributes to improved customer retention and acquisition, making cross-border payment solutions fast and cost-effective across different regions.