What is ceviant payments Nigeria limited?

By admin February 15, 2024 FINANCE 0 Comments

Ceviant is a UK-based fintech platform offering transformative cash management solutions for emerging market businesses. We have developed proprietary cloud-based treasury management software to help corporates of all sizes simplify liquidity management and facilitate payments. The technology enables customers to aggregate their cash management tools on one platform, which significantly reduces time and cost for businesses.

Website https://ceviant.co

Industry Financial Services

Company size 11-50 employees

Headquarters London

Type Privately Held

Founded 2021

Specialties cash liquidity management , Virtual Accounts, Receivables Managment,

E Invoicing , and treasury management

Table of Contents

Products

Cash Liquidity Management, Payments and Reconciliation

Sales

Ready to transform your treasury? Contact our team of solutions experts.

Contact Sales

Support

Need help with our products or services? Contact us.

Contact Support

General communication

For general queries, including partnership opportunities.

Employees at Ceviant

Ceviant mission

Our mission is to create a single, unified financial ecosystem for businesses and business owners. We empower businesses by providing a single platform where decision-makers can access everything they need to simplify financial actions.

Our platform provides services such as payments, invoicing, foreign exchange transactions and more. With Ceviant, businesses no longer need to go to multiple providers for their financial needs, saving valuable time and increasing efficiency. Our mission is to give businesses a complete overview of their financial activities, all in one place.

Ceviant commitment

At Ceviant, we are dedicated to creating solutions that simplify the trade environment and promote business success in a global marketplace. We partner with companies to optimize their daily operations, whether their goal is to manage liquid assets, obtain working capital, finance supply chain operations, or export goods.

Our mission is to aid businesses in growth and expansion, creating jobs and promoting economic success at home and abroad. We support them in achieving their maximum potential both domestically and internationally.

Client service

At Ceviant, we strive to serve our customers with innovative solutions tailored to their needs. We create value in our offerings to ensure our customers are consistently provided with the best possible service.

Integrity

We maintain the highest standards of ethical conduct and transparency, while striving to learn and improve from our experiences in order to make better decisions.

Excellence

We consistently create value for our customers, shareholders, and company through operational excellence.

Partnership

We value diversity and prioritize collaboration to foster inclusiveness, teamwork, and an entrepreneurial mindset. This creates a culture that encourages excellence in both professional and personal pursuits.

Office locations

Come visit our friendly team at one of our offices.

United Kingdom

58 Acacia Road Suite 2/3 London NW8 6AG England, United Kingdom

Nigeria

180B Moshood Olugbani Street Victoria Island Lagos, Nigeria

Romania

Strada Telița 8 Sector 5 Bucharest, Romania

Real-Time Payments, Security, and the New Era of Streamlined B2B Finance

The COVID-19 pandemic rapidly accelerated digital transformation in business payments. As companies were forced to embrace remote work nearly overnight, traditional business-to-business (B2B) payment systems were revealed to be slow, opaque, and inefficient for the new globalized environment. This disruption drove innovation and the emergence of real-time, transparent cross-border payment solutions.

A major consequence was the rapid evolution of cross-border B2B payments. With hiring and procurement suddenly going global, businesses needed to seamlessly pay overseas employees and vendors. Legacy batch payment systems were too opaque and slow. New technologies like blockchain, especially distributed ledger systems, have enabled direct bank-to-bank transfers in real time across borders. Open banking platforms through APIs have allowed financial data to be more accessible, powering improved payment services. Services like Wise (formerly TransferWise) leverage open banking to facilitate faster, cheaper cross-border B2B payments. Cloud technology has provided the infrastructure for scalable global payment platforms. Machine learning algorithms on top of cloud systems have brought more intelligence and automation to streamline international payment flows. The adoption of ISO 20022 has also standardized and enriched payment transaction data for better tracking and transparency. These innovations have combined to transform cross-border B2B payments.

Consumer payment trends also directly influenced B2B systems. As individuals grew accustomed to instant payments in daily purchases, they increasingly expected the same speed and convenience in business transactions. This pull from consumers led B2B providers to rapidly adopt real-time digital payment options in response. For example, after mobile money services like M-Pesa achieved widespread adoption for peer-to-peer transactions in Africa, similar digital platforms tailored specifically for small business needs soon followed suit.

Other consumer payment innovations that made their way into the B2B space include QR code scanning popularized in China, UPI instant bank transfers pioneered in India, digital wallets across Southeast Asia, and buy-now-pay-later financing models like Akulaku. These all set new expectations around transaction transparency, monitoring, and data richness. In response, B2B providers incorporated enhancements like Swift GPI Tracker for end-to-end payment tracking and confirmations. For instance, Ceviant integrated Swift GPI Tracker to enable robust monitoring for cross-border B2B payments.

Real-time payments have also enabled greater supply chain diversification, helping smaller businesses capitalize on global inventory sources. For example, a small coffee shop in the US can now source specialty beans instantly from a farm in Africa once an order is placed. Previously, relying on slow batch wire transfers meant waiting weeks for bean inventory to ship. But with real-time options, the coffee shop can pay the farm instantly upon order confirmation rather than waiting on a monthly wire reconciliation. This allows just-in-time shipment of beans to the shop to meet demand, instead of needing to stockpile inventory. The case illustrates how real-time payments give small businesses agility in managing global suppliers and inventory. With instant international vendor payments, dispatch can now quickly follow orders instead of waiting on delayed batch transfers. Larger firms diversified sourcing, using APIs to integrate new vendors seamlessly and manage just-in-time inventory.

However, digitalization also increased security risks substantially. To maintain safety and integrity in B2B payments, crucial security measures have emerged. Businesses now focus heavily on data security, working only with payment providers adhering to PCI DSS compliance. End-to-end encryption ensures data is not exposed during transactions. Tokenization replaces sensitive information like credit card numbers with unique tokens, protecting data from compromise. Open banking-enabled payments leverage identity verification for secure bank-to-bank transfers. Blockchain technology is gaining traction, providing immutable records of transactions through distributed ledger technology. These measures combine to provide robust security for B2B payments, maintaining trust and accuracy from initiation to delivery.

Looking ahead, AI automation will likely streamline B2B payments even further. Buy-now-pay-later solutions also are entering B2B markets, offering short-term credit lines to small businesses.

In summary, COVID-19 fueled dramatic innovation in global B2B payments technology. As digital transformation continues rapidly, adopting these emerging real-time, transparent systems will be key for businesses to stay operationally competitive worldwide.