Company Performance Metrics
- Antti Tarakkamäki: Co-Founder, CEO & Managing Partner
Financial institutions such as banks and credit unions need to innovate continuously in order to keep up with the regulatory changes with requirements for instant payments such as: 1) Instant payments cannot be more expensive than normal credit transfers 2) Account number must match recipient name; Daily EU sanction list checks 3) PIEMIs get
direct access to payment systems, removing reliance on banks Banks are losing revenue on remittances with other providers using the infrastructure provided by them (Cards, AFTs etc.). All while dealing with limited resources, costly in-house development and long implementation times.
Bankify’s CrossFlow facilitates secure, instant, and cost-effective payments, along with value-added services like account validation, Request to Pay, and AI-powered fraud detection.
