GAT Investment Bank joins Currencycloud to offer global banking solutions

By Gloria Mathias

Currencycloud, a London-based financial company, has partnered with Malaysia-based GAT Investment Bank to launch GAT Money, an app offering an alternative solution to clients who need a global banking solution.

With access to Currencycloud’s multi-currency virtual accounts, GAT Investment Bank can seamlessly collect, convert, pay, and manage funds for its globally focused client base without integrating with multiple corresponding banks and payment providers.

Utilizing the local USD, EUR, CAD and GBP collections, the investment bank claims to provide virtual accounts in more than 35 currencies to its clients, offer real-time FX conversions at competitive rates and pay out locally to over 180 countries all in one place.

Jill Murray, Director of GAT Investment Bank said, “Currencycloud was a clear choice for us. We were looking for a provider who could help us offer our customers the benefits of global banking. Thanks to Currencycloud’s APIs, we are instantly connected to extensive cross-border collections and payment network that allows GAT Money to be our customers’ global banking partner.

Currencycloud’s local payout function has also enabled us to cater to smaller clients in more countries, giving them access to a global banking service that they otherwise wouldn’t have,” noted Murray.

Rohit Narang, Managing Director of APAC, at Currencycloud shared, “GAT Investment Bank understands the issues faced by their clients, many of whom are importers and exporters who need a cost-effective, near-instant way of making cross-border transactions. GAT Money results from this understanding, and we are delighted to be part of their solution.”

GAT Investment Bank Limited is an emerging global investment banking, securities and investment management firm that provides a wide range of financial services to a diversified client base, including corporations, financial institutions, and individuals.