• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
Quilla NewsFinance & Technology
ENES

Failed international payments cost banks millions and drive customers away, study finds

FinanceInternationalEnter.co15 s readAI summary

A study indicates that financial institutions can lose up to 2.2 million dollars a year fixing international payments that do not reach their destination on the first attempt. The cost is not limited to transactions that must be reviewed manually: the errors also affect revenue and can lead customers to switch institutions.

Read the full story at Enter.co

IASummary generated by artificial intelligence from a story by Enter.co. It may contain errors: the original source prevails.

More flashes