Breinrock

Ask Iva

IVA BOGICEVIC

Head of Payments at Breinrock

What is banking?

Prior to being within the banking industry, I always believed that making a transaction was a simple process. I have an account, I send money to designated person, the money arrives regardless of what business I did or what country I lived in.

However, as most of my readers in Game Changers are involved in within the FX/CFD industry I am sure you are aware that there are far more moving parts to a transaction than this, and can in some cases become quite complex if you brand resides on a far off exotic island location.

What I have learnt in my banking career is that our role is all about solving problems. This may sound like a trite throw away comment, as every service aims to solve a problem (some appear to be a solution looking for a problem) However, in this industry it really is about listening to the client and finding a way to solve their problem of getting funds from A to B.

I am a realist in that they wouldn’t be contacting me if they didn’t already have an existing solution provider for their transactional challenge to be solved coming over the horizon. More often than not our clients require a bespoke solution, for what is often a bespoke challenge.

If you are facing challenges such as this, my best tips for engaging with a banking solution provider to get results would is to be 100% transparent in what you are looking to achieve.

By having an informal (and confidential) conversation and putting it all out there, you will get an answer one way or another very quickly. At BREINROCK we like to be transparent from the outset of this discussion to let you know if this is possible or not to have a relationship.

Rather than going through the rigmarole of opening and account and all the administration that entails and then giving you a no at the end. It is far easier to let for us to have a brief analysis of where the flow of funds are coming from to get a good understanding of your business.

This can save you a tremendous amount of time (often running into weeks) and get along the path to solving the goal.

A common problem we are solving for our clients is providing local payment routes offering the clearing of B2B and C2B funds in a matter of hours for our corporate clients, rather than days for those looking to participate in LATAM, Asia and Africa markets.

You can do this safe in the knowledge that your brands funds are held within our award-winning tier one banking partner network. More brands are using our services as we are becoming known as the industries problem solvers.