SIBOS: TECHNOLOGY & PAYMENTS
Laying global pipes for money movement CEO Max Liu describes EMQ as the financial plumbers, laying pipes to transform the infrastructure behind capital movement around the world for businesses What do multinational companies, small-medium businesses, freelancers and digital nomads all have in common? They conduct crossborder payments like clock-work. In a hyper interconnected world, whether you’re an international enterprise, local startup or a business professional – receiving and sending money across borders forms an integral part of your life. SME owners settle payments to suppliers and employees from all over the globe, every month. For digital nomads juggling multiple projects, collecting invoices from all parts of the world is a daily task. Multinational companies offering financial services conduct international payments every second. Meeting the growing need is startup EMQ, which is working towards building a global settlement network.
TheFintechMagazine | Issue 13
“We are creating a simple one-stop integration via EMQ to ensure businesses can send money anywhere in the world and to any end point,” explains cofounder and CEO Max Liu. Headquartered in Hong Kong, the company operates a global money movement network that can effectively settle any crossborder movement of capital, while adhering to complex regulations and compliance standards in different markets. Its flexible and scalable infrastructure eliminates unnecessary intermediaries and directly integrates to all the end-points, facilitating a seamless, real-time and cost-effective crossborder settlement across Asia Pacific. The company’s network seamlessly integrates ecosystem participants to allow for more efficient financial settlement solutions.
“We call ourselves the financial plumbers; we lay pipes in every country,“ Liu says. “The application of EMQ’s network is flexible and adaptable. And can be deployed across multiple vertical industries,” he adds. EMQ’s grand mission is an ambitious one. Adhering to the financial regulations of many countries can be a complex and lengthy process if not managed well. EMQ adopts a ‘hub and spoke’ model, working strategically alongside a local partner bank in each of them. “Building bank partnerships across the region takes time and patience to cultivate,” says Liu. And for every country it enters, it also needs regulatory clearance. However, Liu’s company not only works towards building partnerships with