Big Data Facilitates International Money Transfers

The global money transfer market is growing at a remarkable pace. According to a World Bank report from last year, nearly $613bn worth of financial transactions were processed across international lines.

A lot of factors are driving demand for international money transfer services. Companies that offer these services are under more pressure than ever to streamline payment delivery and look out for the needs of all of their stakeholders. Advances in big data have helped them meet these goals.