The startup offers a cloud-based foreign exchange management platform designed for payment card issuers and processors, enhancing transparency and control over cross-border transactions. By streamlining FX processes, the platform improves cardholder experiences and enables banks to implement FX features in their card programs.
Funding
$2.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Payment card issuers and processors face challenges in managing the complexities of foreign exchange (FX) associated with cross-border transactions, leading to reconciliation issues, compliance burdens, and a lack of transparency in multi-currency settlement. Inefficient data handling across various payment data files further complicates reporting and analytics, hindering efforts to optimize card program profitability and comply with cross-border payment regulations.
Solution
Cambrist offers a cloud-based platform designed to streamline FX management and payment data processing for card issuers and processors. The platform automates data extraction, reconciliation, and reporting across diverse payment data sets, providing transparency and control over multi-currency transactions. By integrating with existing card processing systems via API or batch file, Cambrist simplifies compliance with regulations like CBPR2, automates scheme settlement management, and delivers actionable insights into card program performance. The modular platform offers configurable services for data processing, reconciliation, analytics, regulatory compliance, and treasury management, enabling clients to optimize card program efficiency and profitability.
Target Audience
Cambrist targets retail banks, fintechs, and payment card program teams that require efficient data management, reconciliation, and compliance solutions for cross-border payment processing.
Features
- Automated data extraction, categorization, and reconciliation across scheme files, card processor files, and customer records
- Real-time FX rate calculations and margin analysis based on issuer pricing strategies
- Automated generation of key reports with drill-down capabilities for specific programs, partners, and BIN ranges
- Support for both API and batch file integration with existing payment processing systems
- PCI Level 1 certified infrastructure ensuring data security for card issuing domains
- Modular architecture allowing independent deployment of features or fully managed service options
- Automated identification of transactions subject to CBPR2 regulation
- Configurable transaction-specific notifications via multiple channels (PUSH, SMS, email)