Toronto, 5th July 2023 – Remit5, a leading cross-border money transfer company, is thrilled to announce its strategic partnership with PLAID, a renowned financial technology company specializing in data connectivity and infrastructure. The partnership aims to revolutionize the cross-border money transfer industry by providing seamless and secure transactions while ensuring robust identity verification.

PLAID is a trusted name in the fintech sector, known for its innovative solutions that enable seamless and secure financial data connectivity. The company offers a comprehensive suite of tools and services that empower consumers and businesses to connect their bank accounts with various applications, enabling efficient financial management and enhancing user experiences.

As part of the partnership, PLAID will play a pivotal role in providing identity verification services for Remit5. With PLAID's advanced technology and expertise, Remit5 customers can enjoy a streamlined onboarding process, ensuring compliance with regulatory requirements while maintaining the highest standards of security and privacy.

By leveraging PLAID's reliable and secure infrastructure, Remit5 will enhance its existing cross-border money transfer services, enabling customers to transfer funds quickly and securely across borders. The partnership will empower Remit5 to expand its market reach and offer an unparalleled customer experience that combines convenience, speed, and trust.

"We are excited to join forces with PLAID to transform the cross-border money transfer landscape," said Syed Ali Hasnain, CEO of Remit5. "PLAID's expertise in data connectivity and identity verification aligns perfectly with our mission to provide secure and efficient financial services to our customers. This partnership will not only enhance our ability to meet regulatory requirements but also ensure a seamless onboarding experience for our users."

The partnership between Remit5 and PLAID signifies a major milestone in the evolution of cross-border money transfers. By combining Remit5's expertise in the field and PLAID's cutting-edge technology, this collaboration will drive industry innovation and revolutionize the way individuals and businesses transfer funds across borders.

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Email: info@remit5.com