Money Mover partners with The Alternative Investment Management Association to reduce the cost of international payments for its members

Posted on the 20th August 2018

Fintech international payments platform and currency exchange, Money Mover, is pleased to announce its partnership with The Alternative Investment Management Association (AIMA) - the global representative of the alternative investment industry.

AIMA draws upon the expertise and diversity of its membership to provide leadership in industry initiatives such as advocacy, policy and regulatory engagement, educational programmes and sound practice guides. AIMA also works to raise media and public awareness of the value of the industry.

This new partnership will help AIMA’s 1,900 corporate members in over 60 countries save money on their overseas payments.

On average, UK banks charge small and medium-sized enterprises nearly £4 billion in hidden fees each year. It goes without saying that SMEs cannot be expected to shoulder such a burden in outgoings.

Money Mover, a UK fintech firm which is committed to reducing foreign exchange and payment costs for SMEs, has a simple proposition in the face of this: to provide a platform which is business-focused, transparent and simple to use, and which keeps their transactions safe at all times.

Hamish Anderson, Money Mover’s CEO, explains, “A large proportion of AIMA members make international payments on a regular basis, paying international suppliers and consultants, making overseas payrolls and converting management fees. Both organisations saw the immediate benefit Money Mover’s intutive online service could bring to their members who often find international payments opaque, time consuming and expensive”.

Jack Inglis, AIMA’s CEO, says, “Partnering with Money Mover made perfect sense for AIMA. Our core objective is to provide mutual assistance to the alternative investment industry and to be its pre-eminent voice globally but alongside that, we endeavour to provide a range services and additional benefits of value to our members. We’re delighted that member firms will now be able to take advantage of Money Mover’s innovative service for their cross-currency payments and transfers.

For more information, please visit https://www.moneymover.com/partners/aima/ 

ENDS

About Money Mover

Money Mover is a fast-growing Fintech company dedicated to transforming international payments for SMEs. It disrupts banks by providing the transparency, functionality and low pricing which had hitherto been available only to the largest corporates and institutions. It was shortlisted for Start Up of the Year (2014) by The Guardian and selected by PwC as a member of its Future of Work technology accelerator.

Money Mover is based in Cambridge, UK, and is authorised and regulated by the Financial Conduct Authority.

Find out more at https://www.moneymover.com/ 

 About AIMA

The Alternative Investment Management Association (AIMA) is the global representative of the alternative investment industry, with more than 1,900 corporate members in over 60 countries. AIMA’s fund manager members collectively manage more than $2 trillion in hedge fund and private credit assets.

AIMA draws upon the expertise and diversity of its membership to provide leadership in industry initiatives such as advocacy, policy and regulatory engagement, educational programmes and sound practice guides. AIMA works to raise media and public awareness of the value of the industry.

AIMA set up the Alternative Credit Council (ACC) to help firms focused in the private credit and direct lending space. The ACC currently represents over 100 members that manage $350 billion of private credit assets globally.  

AIMA is committed to developing skills and education standards and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) – the first and only specialised educational standard for alternative investment specialists. AIMA is governed by its Council (Board of Directors).

Find out more at https://www.aima.org/