Cybrid, a leading embedded finance provider, has announced the expansion of its FinTech API platform to include business-to-business (B2B) payment capabilities. This latest enhancement brings a range of advanced features tailored to meet the sophisticated needs of modern businesses.
Highlights of the Enhanced Platform
Cybrid’s platform now offers an array of comprehensive financial services, including KYC identity verification processes, money transmission via wire and ACH transfers, and virtual FBO accounts for USD connected to digital wallets with integrated crypto on-ramps and off-ramps. These features provide businesses with a holistic solution for their financial needs.
Comprehensive Range of Financial Services
With Cybrid’s expanded platform, businesses can benefit from efficient Know Your Customer (KYC) identity verification processes, ensuring compliance and security in their transactions. Additionally, the platform supports money transmission via wire and ACH transfers, enabling quick and secure movement of funds. The integration of virtual For Benefit Of (FBO) accounts for USD, connected to digital wallets with integrated crypto on-ramps and off-ramps, offers businesses increased flexibility and accessibility in managing their finances.
Integration of B2B Payment Capabilities with KYB Process
In addition to the B2B payment capabilities, Cybrid has implemented a seamless Know Your Business (KYB) process. This process aids in the smooth onboarding of business customers and supports both fiat and cryptocurrency transactions. The KYB process ensures enhanced security and compliance, while facilitating hassle-free transactions.
Advantages of the New B2B Payment Capabilities
The addition of B2B payment capabilities brings numerous advantages to businesses. Real-time transactions with fast confirmations enable businesses to enjoy near-instant payment processing, providing them with rapid access to funds and improved liquidity management. Moreover, the platform offers higher transaction limits specifically tailored to accommodate large-sum payments, reducing the complexities often associated with high-value transactions.
Streamlined Record-Keeping through Rich Remittance Data
Cybrid’s platform offers rich remittance data, streamlining record-keeping for businesses. This feature enables businesses to reconcile transactions efficiently, reducing their reliance on paperwork. By digitizing and centralizing transaction data, businesses can enhance their financial record-keeping and simplify auditing processes.
Seamless Crypto Onramp/Offramp for USDC and BTC
One of the standout features of Cybrid’s expanded platform is its seamless crypto onramp/offramp for USD Coin (USDC) and Bitcoin (BTC). This integration provides businesses with a convenient and user-friendly way to send and receive cryptocurrency payments. Additionally, this feature aligns with the growing global trend towards digital currencies, allowing businesses to stay at the forefront of technological advancements in the financial industry.
Cybrid’s Position in Financial Technology Innovation
By expanding its FinTech API platform, Cybrid solidifies its position at the forefront of financial technology innovation. Through continuous development of advanced features and solutions, Cybrid empowers businesses to thrive in an ever-evolving digital landscape. Their commitment to innovation drives them to provide cutting-edge financial services and adapt to emerging market trends.
Cybrid’s expansion of its FinTech API platform with B2B payment capabilities marks a significant step forward in empowering modern businesses. The comprehensive range of financial services, integration of KYB processes, and advantages such as real-time transactions and higher transaction limits all contribute to improved financial management for businesses. Additionally, the seamless integration of cryptocurrency payments aligns with the global shift towards digital currencies. Cybrid’s commitment to innovation ensures that they remain a trusted partner for businesses seeking advanced financial solutions in the ever-changing landscape of financial technology.