Guides

Nigeria's Journey into More Flexible Exchange Rates: February 2024 Update

In a series of regulatory adjustments, the Central Bank of Nigeria (CBN) has implemented changes aimed at fostering a more flexible foreign exchange market. This article provides an overview of these updates, marking a continuous effort by the CBN to address liquidity, transparency, and market efficiency. Bel...

Fragmented Landscape of International Payment Rails: An Analysis

International payment rails refer to the various methods and infrastructure used to facilitate the transfer of funds across borders. These systems enable transactions between different countries, currencies, and financial institutions, ...

Exploring AI in International Money Transfers: Sendrater's Experiment with LLMs

At Sendrater, we are diligently observing the dynamic field of AI, particularly focused on how emerging advancements can elevate our customer experience. This journey, rooted in a culture of innovation, has steered us towards experimenting with Large Language Models (LLMs), especially in the realm of custom GPT models. Although still in the nascent stages, we are guided by the principle that kn...

HSBC to Signal Competition with the New Fintech Product Zing

HSBC's launch of its new international payments app Zing marks a significant shift in the banking behemoth's approach to international money transfers. Stepping into a domain long ruled by ag...

Can Messaging Apps Disrupt International Money Transfers?

Transformations in the International Money Transfer Landscape

In the past decade or so, the international money transfer sector has undergone significant changes. The emergence of new players is challenging the dominance of...