Welcome to the latest edition of the CluneTechNewsletter. As always, this newsletter aims toinform, empower and entertain you. This issueincludes everything from business news, importantworkplace updates, and some more light-heartedmoments from across the Group. We hope you’llenjoy the read.
At last year’s Christmas party, we opened the event with the words: “We don’t do normal. We do fast-paced, we do innovative, and we do us!”. One year on and although so much has changed, this is still very much the same. 2021 has been another hugely innovative year for our business with new technologies, new services and even new companies being rolled out. Last year was the year where everything was turned completely upside down. However, this year had arguably even more challenges as we, as a company, had to completely re-think what we do and how we do it, while ensuring to maintain our #OneTeam Culture. Thanks to the addition of our in-house studio, led by our Head of Design, Tom Watts, we had the opportunity to truly re-invent the way in which we communicate with each other and with our customers.
We recognised quite early on that we will never go back to what we once considered to be “normal”. Instead, we look ahead to a future that is hybrid, with our office renovations, flexible working policies and new virtual practices providing the foundation for our new working world. We’d like to thank you all for your ongoing enthusiasm and participation in the many initiatives we’ve run throughout the year – what we do wouldn’t be possible without each and every one of you! It’s an incredibly exciting time and as we move towards 2022, we do so with our new group brand, CluneTech, acting as the support for our amazing suite of companies, all of whom are driven by innovation and an entrepreneurial spirit. From our team to yours, we hope that you all have an amazing holiday season and wish you a very happy new year.
As we draw towards the end of anotherfantastic year for the Group, I’d like tothank you all for your continued supportand dedication. Though the last two yearshave had no shortage of challenges, I’mincredibly proud of the way in which we,as a Group, have continued to overcomethem. This is an immensely exciting time for theGroup as we move forward with our newbrand - CluneTech. Since Taxback wasfounded in 1996, brilliant people andtechnology have continued to drive ourexpansion. Our new name reflects ourindustry-leading offerings as a group ofsoftware technology companies, whileacknowledging our roots as a companythat has evolved and grown. Though manythings have changed, technology innovationand entrepreneurship remain at the heart ofeverything we do.
With the holiday season approaching, I’d like to take this opportunity to thank you all for being an essential part of the CluneTech family. We wouldn’t be where we are without each of you, and your unparalleled determination.
Here’s to another successful year working together as #OneTeam.
As we draw towards the end of another fantastic year for the Group, I’d like to thank you all for your continued support and dedication. Though the last two years have had no shortage of challenges, I’m incredibly proud of the way in which we, as a Group, have continued to overcome them.
Four important product updates were launched in TransferMate in Quarter 3.
We have increased the scope of Entity Management with our latest updates and now any user can be given access to multiple entities.
We have enhanced this experience by making UI improvements that make it easier to review incoming requests and make payments. Users can now pay multiple payments requests at once rather than having to pay incoming requests one by one.
The new feature allows the user to hover over and preview details without leaving the page—removing friction from the payment process.
Our new partnership with ComplyAdvantage will ensure that client transactions are secure and reliable with minimal risk of fraud when making cross-border payments. The solution strictly adheres to the global AML/CTF (anti-money laundering and counter-terrorism financing) guidelines
Тhis quarter our Education team attended COMTEC – an annualevent, organized by our strategic partner TouchNet, that brings togetherinstitutions, industry experts, and thought leaders to discuss the educationsector’s ever-changing and complex landscape. TransferMate was apremier sponsor and hosted two interactive sessions at COMTEC 2021.Tom Butler, Simon McFeely and Aoife Walsh from the TransferMate Team coveredimportant topics such as Fin Crime In The Education Sector, as well as the complexityof International Payments.
In October, Ivalua, a global leader in Cloud Spend Management solutions,announced a partnership with TransferMate. Thisstrategic relationship strengthens the payments capabilitiesreleased by Ivalua earlier in the year, ensuring a seamless source-to-payjourney for customers and enabling frictionless international payments for allsuppliers, regardless of where they are located. By bringing Procurement and Finance together, customerswill be able to trade goods and services at the best price and guaranteeon-time (or early) payment in a secure, efficient, and cost-effective manner.
In partnership with TransferMate, Transact,the leader in innovative payment solutions for a connected campus launched itsnew Transact International Payments offering that provides universities with astreamlined approach to accepting international currencies. Through thispartnership Transact will support the end-to-end processing of internationalpayments for students and universities.
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