A Chat With Pierre-Antoine Dusoulier, Founder & CEO, iBanFirst On Providing SMEs With The Same Level Of Support Large Businesses Take For Granted
iBanFirst offers a platform for international payments, targeting small and medium-sized enterprises (SMEs). The platform manages, collects, and sends funds in over 25 currencies to more than 180 countries. iBanFirst processes over €2 billion in…
iBanFirst offers a platform for international payments, targeting small and medium-sized enterprises (SMEs). The platform manages, collects, and sends funds in over 25 currencies to more than 180 countries. iBanFirst processes over €2 billion in transactions monthly for over 10,000 SMEs, providing custom foreign exchange (FX) support.
The platform features real-time exchange rates, payments tracking, and the option to lock in rates for future transactions, aiming to provide transparency and control over payment strategies.
Small and medium-sized multinationals (SMMs) face challenges such as rising costs, economic uncertainty, and limited access to funding. iBanFirst's cross-border payment solutions aim to provide these businesses with the same level of support as large enterprises, facilitating global trade.
iBanFirst offers a platform for international payments, targeting small and medium-sized enterprises (SMEs).
SMMs are vulnerable to market volatility, including currency and interest rate fluctuations. iBanFirst offers real-time insights into market movements, helping businesses manage foreign exchange risk and cash flow. The platform enables businesses to lock in FX rates, providing stability in uncertain markets.
AI is transforming the fintech industry by automating tasks such as invoice processing, which reduces operational strain and allows finance teams to focus on strategic priorities. iBanFirst's AI-driven solution, iBanPay, automates over 40% of invoices for early adopters, enhancing visibility and efficiency in international payments.
By 2030, the global AI in fintech market is projected to reach $79.4 billion. AI is expected to enable SMEs to adopt predictive strategies, offering insights into payment behaviors and optimizing processes. iBanFirst is developing augmented agent models to analyze transactions and suggest optimal financial decisions for clients.
Based on reporting by techround.co.uk.
