Singapore-headquartered major payment institution Bruc Bond is launching a new hierarchical fee management system within its banking platform, in a move to help fintech companies compete with traditional banks in cross-border payments.
Despite the rapid evolution of the global B2B payments landscape, with transaction values expected to surpass $120trillion by 2028, Bruc Bond says that many fintechs are unable to capitalise on this growth due to challenges with operational complexity.
This is largely because each region’s local payment rails demand separate systems for processing, monitoring, and reconciliation. In Europe, newly introduced SEPA regulations require ever-faster settlement times and greater transparency, adding another layer of complexity for challenger fintechs operating across multiple markets.
By launching a new fee management system within its OSKAR banking platform, Bruc Bond is aiming to enable financial institutions to maintain separate balances for all their clients, execute internal transfers, collect fees, and handle reconciliations through one login. With the solution, firms can manage both parent-child hierarchies and peer-to-peer transactions in one place, regardless of jurisdiction.
“The fintech sector has proven its ability to innovate, but capturing more of the cross-border payments market requires solving fundamental operational challenges,” explained Krishna Subramanyan, CEO of Bruc Bond. “Traditional banks’ dominance isn’t just about trust or regulatory approvals anymore – it’s about fintechs needing better infrastructure to manage complex client relationships at scale.
“By bringing these operations into a single platform, we’re removing one of the key operational complexities that have historically given traditional banks an advantage.”
This development comes at a time when rising interest rates and increased regulatory scrutiny are forcing fintech companies to focus on operational efficiency and sustainable growth. While the past decade saw fintechs compete primarily on speed and user experience, attention is now shifting to building robust infrastructure that can support scale.
