Empowering Neobanks to Thrive with Routefusion’s Unified Payment API
Neobanks are redefining banking as we know it. Digital-only, branch-free, and customer-first, neobanks have skyrocketed in popularity over the past decade. With the global neobanking market expected to soar from $98 billion in 2023 to a projected $3.4 trillion by 2032, they’re not just banking on convenience—they’re leading the charge. But scaling globally and sustainably? That’s where Routefusion comes in, simplifying international payments with a single API, built for growth, security, and compliance.
Why Neobanks Choose Routefusion
Neobanks face unique challenges as they scale: navigating complex cross-border payments, stringent compliance requirements, fraud prevention, and seamless payment integration. Routefusion’s Unified Payment API consolidates these pain points into a single solution, helping neobanks deliver frictionless customer experiences while focusing on what they do best—innovation.
1. Cross-Border Payments: Making Global Local
Managing multiple currencies, exchange rates, and regional banking partners can make cross-border transactions challenging. Traditional banks might seem like an option, but they’re often slow, pricey, and just don’t cut it for the fast-paced world of digital-first banking.
- Single API, Multiple Networks: With Routefusion, neobanks connect to multiple payment corridors without managing endless partnerships.
- Speed and Cost Efficiency: Routefusion’s API takes only about a month to integrate—compare that to the six months it might take to go direct with a bank.
- Smart Routing: Payments are routed through the most cost-effective corridors, keeping fees down and speeds up.
2. Regulatory Compliance: Less Stress, More Success
Regulatory compliance isn’t just a box to check—it’s a significant challenge requiring resources, time, and expertise. Here’s where Routefusion really shines.
- End-to-End Compliance: Routefusion automates AML and KYC checks, offers PSD2 support, and continuously updates for new regulations.
- Streamlined Identity Verification: With biometric and behavioral checks built-in, neobanks save on compliance headaches.
- Always in the Know: Routefusion keeps you updated on regulatory shifts, helping you stay compliant effortlessly.
3. Fraud Prevention: Secure & Scalable
Digital-only neobanks need advanced security to fend off cyber threats and fraud attempts. Routefusion integrates security at every step, so neobanks can protect their customers and their bottom line.
- Real-Time Fraud Detection: Machine learning flags suspicious activity instantly.
- Data Encryption and Layered Mobile Security: Mobile interactions are fortified with encryption and authentication layers, keeping customers’ data secure.
- Partner Security: Routefusion’s rigorous vetting minimizes third-party risks, giving neobanks peace of mind.
4. Streamlined Payment Processing & Integration
Neobanks often juggle multiple payment providers and integrations, which is time-consuming and costly. Routefusion’s API offers one access point for it all, making growth easy and efficient.
- Single Integration: No need for multiple connections—Routefusion does it all.
- Scalability: Built for growth, Routefusion’s API scales alongside transaction volumes, so your service stays reliable, no matter how fast you expand.
- Seamless User Experience: With intuitive interfaces and fast processing, Routefusion keeps user experience at the forefront.
Why Routefusion? Because We’re Built for Growth
For neobanks looking to streamline, scale, and succeed, Routefusion offers a powerful, compliant, and scalable solution. The result? A simplified, efficient payment experience that keeps customers happy and neobanks competitive.
