Locations
Fort Lauderdale, FL, USA · Miami Beach, FL, USA
industry
Finance
Size
11 - 50 employees
Stage
Other
founded in
2018
Payall has built the first-ever infrastructure as modular, cloud-based software that overcomes the “fear and friction” of cross-border payments through classic correspondent banks. The software also makes it easy and low-cost for banks to access new alternatives to correspondent banks such as Mastercard Move. Additionally, the software overcomes the complex counterparty risk, compliance, and financial integrity issues banks face when working with MSBs and fintechs. Payall’s tech delivers capabilities not found in any core system, digital bank platform, payment engine, regtech, or other banktech. Payall's software was built using first principles and digitizes scores of disparate manual workflow processes within and across participants and use cases, powering first-ever, industry-defining end-to-end counterparty risk management; global compliance; transaction and event monitoring; digital consent-managed data collection, validation, and sharing; unprecedented “see-through” to counterparty rule, data, and artifact transparency between parties; and a rules-based, inclusive payment orchestration gateway that’s never existed previously. Customers for Payall’s software infrastructure include correspondent banks, originating institutions, banker’s banks, MSB/fintech-friendly banks, central banks, regulators, FX traders/liquidity providers, and payment networks. In addition to fixing the 50-year-old correspondent banking construct, Payall’s software is “go-to” technology for alternative paradigms to correspondent banks such as Mastercard Move, Monex, and soon Visa Direct. New constructs such as domestic network to domestic network and others represent use cases for our infrastructure.
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