FinMont uses advanced AI to optimize travel payments and streamline payment processes for airlines and travel merchants.
Facts
- FinMont, a global payment orchestration platform, incorporates advanced AI to optimize travel payments by determining the best payment route and method.
- The platform connects acquiring banks, payment, fraud, forex, and chargeback providers, and integrates with ERP/CRM systems and travel-specific distribution channels.
- Annually, nearly 3 billion airline payment transactions worth USD $937 billion occur worldwide, costing the industry USD $20.3 billion (2.2% of the total payment amount and 78% of net profit).
- Suby Valluri, CEO of FinMont, aims to address the industry’s payment challenges with an end-to-end omnichannel travel payment management platform.
- The platform, created by the founders of German airline Hahn Air, streamlines both B2C and B2B payments, offering decision-makers insights into improving payment processes.
- FinMont’s global payment orchestration platform is designed for travel merchants and uses cloud-native technologies, including AI, to provide an automated and seamless payment solution, enhancing the retail customer payment experience and reducing payment dropouts.
