Industry Solutions

Solutions tailored to your business

Global payments for the financial industry

Travelex has developed a differentiated outsourcing proposition for financial institutions that leverages technology and customer service.

Solutions for the Education Sector– Managing and receiving international payments

Remember the problems of managing manual enrolment? You don't want to. But in recent years, things have changed for the better. Educational institutions which accept foreign students can now enjoy far simpler enrolment and registration procedures. Modern automated processes let you store, monitor and retrieve complex student records with pinpoint precision. Easy-to-use online initiatives not only save you costs, but valuable staff resources too.

Solutions for the Insurance Sector– Managing and receiving international payments

Over the years, insurers have developed and fine-tuned their finance systems to make sending or receiving international payments to beneficiaries or suppliers as easy as possible. But this process is not without its problems. You can control the method by which beneficiaries are paid and ensure the ordering of international payments runs as smoothly as possible. But what happens beyond that point can take time, be difficult to trace, and include unlimited additional costs. Most insurance companies have had to deploy countless hours and resources, particularly in the claims processing arena. We estimate that 62% of international payments made by the industry experience problems, which constitutes over one million lost man-hours wasted on reconciling or tracking those payments. Recent research commissioned by Travelex has shown that these errant payments are potentially costing the industry over £30m.