Qred partners with Cambrist to support cross-border payments compliance
16 June 2021 - Cambrist, the leading SaaS FX data management platform for crossborder card payments, has been selected by Qred AB to power its compliance with the EU Cross-border payments regulations (EU2019/518) on their soon to be launched credit cards.
Qred, the Nordic SME credit provider, is using Cambrist’s Notify API service to support EU Cross Border Payments Regulation (CBPR2) compliance from day one of their credit card programme.
The Notify API service provides a real-time, low-cost gateway for card issuers & processors to access European Central Bank and card scheme currency rates as required for CBPR2 compliance. Qred’s integration with Cambrist’s platform will enable their credit card customers to easily access the relevant data for cross currency card spend. Qred’s credit cards are being launched for their customers this summer.
Jeremy Boles, Cambrist’s Sales & Marketing Manager said: “We are excited to be part of the compliance strategy for Qred’s credit card offering. Cambrist’s Notify API service is being used to ensure card FX cost transparency in compliance with the EU CBPR2 regulation. We are proud to support Qred in achieving CBPR2 compliance while meeting their customers’ need for advanced credit solutions.”
Thomas Jansson, Qred AB’s, Chief Growth Officer said: “Qred’s mission is to provide small businesses with better financing and payment solution. When developing new products, user experience is key for us at Qred. Cambrist Notify API provides the tools to both improve user experience and increase transparency in the Payment space. We are enthusiastic about working with Cambrist.
About Qred
Founded in 2015 by entrepreneurs for entrepreneurs, Qred is now Sweden’s fastest growing fintech company according to Financial Times. Qred is the market leader in the Nordic region and has Sweden’s most satisfied customers according to Trustpilot. With operations in Sweden, Finland, Denmark, the Netherlands, Brazil and Belgium - Qred has helped more than 25,000 companies Qred’s fully automated, proprietary credit scoring system allows us to quickly and competitively provide business owners with the power they need to grow. Right now, Qred is creating ten jobs a day, 7 days a week.
To read more about Qred, please visit: About Qred
About Cambrist
Cambrist is an award-winning technology company enabling payment card issuers & processors to better manage the foreign exchange requirements of their card programmes. Our proprietary SaaS platform and advanced data analytics, combined with our team of industry veterans & experts, supports customers around the globe.
Learn more about Cambrist at www.cambrist.com or contact us at info@cambrist.com