FOMO Pay, a leading major payment institution headquartered in Singapore, has embarked on a strategic collaboration with Bottomline, a renowned provider of treasury and cash management solutions, to bolster efficient payment workflows, treasury lifecycle management, and regulatory compliance.

As a prominent digital payment and digital banking solutions provider, FOMO Pay facilitates seamless transactions in both fiat and digital payment tokens, empowering merchants and financial institutions worldwide. Recognizing the need for technology innovation to optimize payment workflows and cash management, FOMO Pay has integrated Bottomline’s solution to streamline processes, reduce manual efforts, and centralize account insights, thus enhancing efficiency and compliance.

Jing Wei Lee, Head of Finance at FOMO Pay, emphasized the transformation journey undertaken by the company, stating, “It was beneficial to work with a single company that had proven solutions in treasury, cash management, payments, and sanctions compliance. Introducing these technologies has been the catalyst for significant improvements in how we make payments, manage cash, and deliver competitive services to clients.”

FOMO Pay initiated the implementation by adopting Bottomline’s Cash Management solution, providing instant visibility and financial insight across accounts, and facilitating real-time liquidity decisions. Jing Wei Lee further elaborated, “The clean and intuitive interface enables us to drive more effective liquidity decisions in real-time. We use the SWIFT Bureau for real-time connectivity to local banks, with the capability to expand coverage to other regional and international banks in the future.”

Moreover, Bottomline’s solutions empower FOMO Pay to automate reconciliation, enhance payment transparency, and reinforce compliance with evolving global financial regulatory requirements. Jing Wei Lee highlighted, “The powerful reporting and visualization tools give us the ability to manage liquidity, risk, and reporting requirements more effectively. Automation in the payment lifecycle, including sanction screening, has increased our straight-through processing rates and bolstered compliance.”

The collaboration between FOMO Pay and Bottomline has delivered multiple transformation outcomes, enhancing visibility, control, and efficiency across payment workflows. Jing Wei Lee concluded, “We have a robust, proven, and easy-to-use treasury and cash management system at the heart of our payment workflow. The biggest benefit has vastly improved core business processes, supporting liquidity, payments, and reconciliation, all in a single platform.”