BNY wins the world’s best financial institutions deal award for its collaboration with FOMO Pay, a landmark initiative that expanded access to institutional-grade payment, clearing and cash management infrastructure for a fast-growing payment institution operating across multiple markets. The deal demonstrates how transaction banks can support the evolution of non-bank financial institutions by extending capabilities traditionally reserved for banks, while enhancing efficiency, transparency and scalability in cross-border payments.
The strategic challenge facing FOMO Pay was clear.
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