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The remittance industry & reconciliation: the ReconArt perspective

The role of each of the payment industry players requires overcoming infrastructure obstacles, penetrating diverse environments and tackling challenges concerning service speed and security. On top of technological problems, there are legal & compliance aspects of this high-friction business. Typical industry risks: short transaction lifecycle, high volumes, cross-border jurisdictions & regulations, currency risks, pressure to

  • Editorial Team
  • September 17, 2021
  • 1 minute

The role of each of the payment industry players requires overcoming infrastructure obstacles, penetrating diverse environments and tackling challenges concerning service speed and security. On top of technological problems, there are legal & compliance aspects of this high-friction business. Typical industry risks: short transaction lifecycle, high volumes, cross-border jurisdictions & regulations, currency risks, pressure to slash service fees, a long chain of collaborating stakeholders.

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