Equals Money Introduces New Earning Channels Through Banking-as-a-Service

Equals Money, a financial service provider, now offers Banking-as-a-Service (BaaS). The company made this announcement at the Money20/20 Europe event. With this new service, Equals Money wants to increase its array of products, and it also shows that the firm is focused on providing financial services across many sectors.

Thanks to this new service, Equals Money clients can now provide payment and card services to their customers without needing to go through a long process to get official permissions.

Businesses Can Use Equals Money’s Products For International Transfers

BaaS is set to create new ways for Equals Money customers to earn revenues, allowing them to start selling their products or services more quickly. Companies can use Equals Money’s API, Payments-as-a-Service (PaaS), and Cards-as-a-Service (CaaS) products to offer custom-branded cards.

The businesses can also use Equals Money’s products to enable international transfers and manage accounts that can hold and handle different types of currencies for their clients. These services keep the benefits of a regular Equals Money payment account

The international Managing Director and Chief Product Officer of Equals Group, James Simcox, commented on the development. He said that the service will allow the financial institution to give more value to its customers by providing tailored banking services that merge well with their operations.

He added that the company’s success with Chorus TM and CASHét is only the beginning. Simcox said the financial institution is eager to assist more businesses with its pioneering financial services.

The progress has captured market interest. It has drawn initial users like CASHét, a US film services payments company, and Chorus TM, a worldwide financial management solution focused on the entertainment and music sectors.

Equal Seeks To Expand Their Business Into Broader Sectors

Paul Rogers, Chief Operating Officer and President of CASHét stated that they had captured the film and TV production market in the US and Canada. He noted they were now favored partners for large firms, streaming platforms, and independent film and TV makers.

After a thorough investigation, the firm plans to duplicate this in the UK and Continental Europe and has picked Equals as its partner. CASHét believes that Equals will make a significant difference to its business growth.

Early this month, Equals Money was chosen to support Chorus TM, a fresh financial management platform for the music sector. Created by industry experts Simon Liddell and Freddy Greenish, the platform will provide entertainment managers with immediate spending reports.

It will also offer improved reconciliation methods, strategies for managing foreign exchange, and domestic and international payment capabilities.

James Simcox commented on the new collaboration. He stated that Equals Money has established a solid presence in the global film and TV sectors over the last 20 years with Equals B2B financial management software.