Legacy banking systems are holding Canadian businesses back

Discover how leading Canadian CFOs and finance leaders are transforming their financial operations by embracing local payment methods in our latest report.

Upgrade your systems - Discover how

Discover strategies that save canadian businesses up to 60% in wire fees*

  • ‍Find out how wires cost you more than they should High transaction fees stack up and are costing you more than you think, they are unnecessary and you can eliminate them.
  • ‍Learn how forced conversions are hurting your margins Losses due to auto-converted funds typically go unnoticed, quietly reducing your margins. Learn how they work and what you can do.
  • ‍Identify the invisible cost that isn't on your balance sheet While you typically think of costs as fees, in our report, we show how time and effort spent are costing you more.
Uncover hidden strategies

What you'll learn

A smarter way to set up your global payments

  • Take advantage of local accounts to avoid unnecessary international transfer fees.
  • Handle all your cross-border payments completely online, without the hassle of visiting branches
  • Eliminate restrictive transaction limits and make payments in one go.
  • Simplify reconciliation and reduce manual work with integrations to your accounting software, bulk payment, and embedded finance capabilities.
Download the report
Traditional banks
Might require an in-branch visits
‍
Inconvienent online transaction limits
‍
Limited multi-currency options
‍
Limited access to local routes
‍
High transfer fees
‍from 30 CAD
High FX fees
‍from 2 %
 
Fully online experience
‍
Full transaction value in one go
‍
Multi-currency accounts
26
Payouts via local routes
70+
Flat transfer fee
from 10 CAD
FX fee at wholesale rates
low as 0.5%
DON'T JUST TAKE OUR WORD FOR IT...

Trusted by industry leaders

The British & Irish Lions

The British and Irish Lions, rugby's most prestigious touring team, represents the combined strength of England, Ireland, Scotland, and Wales. Founded in 1888, the Lions embark on tours every four years to face the southern hemisphere's elite rugby nations. For their recent tour to Australia, the Lions needed efficient cross-border financial solutions to manage complex international payments across multiple jurisdictions. Sokin provided global payment support to help facilitate their tour operations and international financial requirements.

"It is great to welcome Sokin to The Lions family as we get ready to head to Australia this summer. There is nothing in world sport quite like a British & Irish Lions Tour and the cross-border and global nature of a Tour means that partners like Sokin are a perfect match"
Tom Halsey, Chief Commercial Officer
The British & Irish Lions

Nottingham Forest FC

Nottingham Forest FC, a historic English football club founded in 1865, has won the European Cup twice and currently competes in the Premier League with a passionate global fanbase. As a modern Premier League club, Forest requires seamless international financial operations for complex business transactions. Sokin's global payment solutions enable the club to efficiently manage international payments, including player transfers and other cross-border business operations, streamlining their financial processes across multiple markets and currencies.

"Competing in the Premier League brings increased cross-border activity, making seamless and reliable financial solutions more important than ever. Partnering with Sokin allows us to streamline cross-border payments with a trusted and innovative provider. Their commitment to transparency and simplicity aligns with our values, making them an ideal partner for our global financial needs."
Paul Bell, Chief Business Officer
Nottingham Forest FC

Download the report

Canadian businesses lose billions every year to cross-border payment inefficiencies. See how these inefficiencies impact Canadian businesses in a $900B trade market.

Read our free report
Disclaimer: 
*Based on data from our latest report on the state of international business payments in Canada. Download the full report for detailed insights.