“Banks and other financial services companies are really just risk companies. They’re not payments companies, and that’s not necessarily their fault – that could be because of regulation or whatever else. But as two outsiders kind of coming into the industry, there were so many hurdles around how to partner with a bank and how to get compliance [approval],” Seal said.

https://techcrunch.com/2022/01/19/routefusion-raises-10-5m-round-to-simplify-cross-border-payments/