Avalo, the payment and treasury infrastructure company behind Ionfi by Avalo, today announced an integration with Convera, a global leader in commercial payments, that will expand the international payment and foreign exchange capabilities available to financial institutions across Latin America.
Financial institutions across Latin America want to expand their international payment capabilities without adding unnecessary complexity.”
Through the integration, financial institutions using Ionfi by Avalo will be able to initiate international wire payments through Avalo’s platform, with Convera processing those payments through its global network. Participating institutions will be onboarded directly by Convera while continuing to manage their customer relationships through their existing operating model.
Financial institutions across Latin America are responding to growing customer demand for faster, more transparent international payments. However, building and maintaining the infrastructure, market connectivity and specialist capabilities required to support those services can be complex and costly.
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Avalo is addressing this challenge by connecting Ionfi by Avalo with Convera’s global payments and FX capabilities. Avalo’s financial-institution customers gain a more direct route to international services, without having to build and maintain every component independently.
“Financial institutions across Latin America want to expand their international payment capabilities without adding unnecessary complexity,” said Meaghan Riley, EVP and Chief Commercial Officer at Convera.
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