Western Union leverages Fintech
Western Union, a leader in cross-border, cross-currency money movement and payments, announces a collaboration between its business division, Western Union (WU) Business Solutions, and Isabel Group, the leading provider of multi-bank services for both businesses and consumers and largest Fintech in Belgium.
WU said its extensive global network will help enable Isabel platform users to better manage international payments.
As part of its partnership, WU will provide worldwide connectivity to Isabel Group’s multi-banking platform that enables organizations to manage their banking online and perform quick and easy payments.
The Isabel 6 platform serves 70,000 professional user clients, and now collectively may access WU’s global payment network across over 200 countries and territories in more than 130 currencies around the world.
Western Union said its extensive global network, combined with knowledge of local markets, will help enable Isabel platform users to manage international payments simply, effectively, and efficiently.
The expertise of Western Union Business Solutions’ foreign exchange specialists on currency fluctuation and foreign exchange markets will assist clients in managing international payments and foreign exchange risk through a wide range of hedging product offering, it said.
The Belgian fintech Isabel 6 has an extensive network of partners and is one of the three companies in Belgium (source: AMPG) to meet the requirements of the ISO/IEC 20000-1 2011 standard and to have obtained the certification corresponding to this standard.