Why fidomoney is proud to sponsor The Yorkshire Post Excellence in Business Awards 2022
It says it is proud to devote efforts to supporting and championing highly skilled local enterprises in the region.
The York based company takes pride in working with start-ups and SMEs, empowering them through its own services every step of the way and fidomoney is eager to take on the responsibility of helping other local businesses thrive through our local banking options.
ENTER NOW: Entries are open for The Yorkshire Post Excellence in Business Awards 2022 which will take place at the Emerald Headingley Stadium in Leeds on November 23 – CLICK HERE.
fidomoney is a fully independent digital finance platform providing financial services to businesses. These services range from GBP and Multi Currency Accounts, virtual and physical cards and e-commerce merchant services, (with physical card terminals coming soon) to create to a full suite of payment solutions.The establishment of fidomoney (a payment service organisation (sEMI), traces its roots to York where the founder, Jacob Parker Bowles, with a group of financial services veterans, has identified a gap in the market as a result of the limitations imposed by traditional banks.
It says the team consists of highly-skilled entrepreneurs and financial services specialists who have years of acquired knowledge within this field.
A fidomoney spokesperson added: “ Given that we live in an increasingly complex world, many entrepreneurs seek smooth financial services in order to successfully prosper within their core business. This remains a challenge for traditional banks.
"This, therefore, leaves a gap in the market for digital players like fidomoney (a payment service organisation (sEMI) , who offer an automated service in combination with the human element to understand the problems in certain sectors. It is useful to mention that fidomoney employs what is known as the sector approach, a specific solution for a specific sector.
"As an example, in sectors where large sums of money are being circulated-for banks, this means a lot of intensive procedures to combat any potential fraud. For ‘us’ on the other hand (a payment service organisation (sEMI), the implementation of high-tech tools would ensure that such a process goes faster, cheaper, and more efficient while still conforming to the security regulations.
"fidomoney, as a digital player still distinguishes itself from other players in this respect. In addition to the technological component, great emphasis is also placed on the human element that takes place at the other end of the line.
"The former serves to provide flexibility, information, speed, and transparency, whereas the latter takes ownership of any questions and provides respective answers and solutions.
"Alongside that, our veterans within the team have ample experience in this sector, allowing them to identify and confront any potential complications in real-time, giving us an edge over other players in the same field. Through this combination, we aim to make our customers feel understood and respected, fostering trust at all times.”
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