Ripple Partner RationalFX Taps Railsbank for Ledger and Payment Services

Railsbank, the leading global Banking-as-a-Service platform, has announced a collaboration with RationalFX, a major UK payments and foreign exchange provider, as the latter strengthens its product offering in Europe.

Railsbank now provides ledger and payment services that enable RationalFX’s customers to better control liquidity and have enhanced visibility over their funds. RationalFX continues to focus on building customer-focussed products with market leading support and built-in automation.

Louisa Murray, Railsbank COO, UK and Europe, said:

“RationalFX uses the Railsbank platform to add efficiency to their processes which in turn benefits their customers. We are excited to be alongside them as they enter this exciting phase of their development, continuing to attract customers on a global basis and building out their leading product suite and platform.”

Jigar Shah, Chief Operating Officer at RationalFX, said:

“We’re always thinking of ways to provide our clients with a service that feels localised and can be accessed 24/7. This partnership means we can now offer our continental clients localised EUR payment solutions, access to the Single Euro Payments Area (SEPA) and enhanced reconciliation.

Railsbank stated back in 2017 that they were looking into Ripple for a banking network.

@ripple do payments and not full transaction banking. We are looking at @ripple for banking network – known them since they were founded

— Railsbank (@railsbank) August 10, 2017

Back in 2019, announced that they have partnered with Ripple to make money transfers faster, easier and more secure.

We’ve partnered with #Ripple, to make your money transfers faster, easier and more secure. Join the thousands of clients currently using RationalFX to manage their international money transfers.

Find out more > https://t.co/Li3cri5bgi #Ripplenet #ForeignExchange pic.twitter.com/N0UVQWxa7w

— RationalFX UK (@RationalFX) April 4, 2019

I reached out to RationalFX asking if RippleNet will be utilized. At the time of this article, I have not heard back.

Source: Finextra

🔥 JUST IN: Ripple partner RationalFX taps Railsbank for ledger and payment serviceshttps://t.co/CPoaFGbToi pic.twitter.com/WhG2ai2JcB

— The Cryptic Poet (@1CrypticPoet) May 11, 2021