Bruc Bond, a Singapore-based major payment institution, has unveiled a new hierarchical fee and client management system within its OSKAR platform. This development is designed to help fintech companies tackle the operational complexities of cross-border payments as the November 2025 ISO 20022 deadline approaches. The system allows financial institutions to consolidate client transactions, balances, fees, and reconciliations under a single login, regardless of geography or client structure.
The global B2B payments market is projected to grow by 40% to $124t by 2028, driven by digital payment adoption. However, fintechs face challenges due to legacy systems and regional payment rail requirements. The new OSKAR capability addresses these issues by enabling financial institutions to manage separate balances, execute transfers, and handle reconciliations through one platform. This innovation is expected to remove significant barriers to market growth for challenger banks.
Krishna Subramanyan, CEO of Bruc Bond, emphasised the importance of infrastructure in capturing the cross-border payments market. “The fintech sector has proven its ability to innovate, but capturing more of the cross-border payments market requires solving fundamental operational challenges,” he stated. A Canadian financial institution spokesperson praised the new system’s intuitive interface and operational efficiency.
As fintechs face rising interest rates and increased regulatory scrutiny, the focus is shifting from speed and user experience to building robust infrastructure for sustainable growth. Bruc Bond’s latest offering aims to level the playing field for fintechs competing with traditional banks in the evolving payments landscape.
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