While some analysts had predicted apocalyptic-like fallouts from Brexit, the actual impact from the U.K.’s departure from the European Union has been more subtle. In the world of corporate payments, however, the impact is a bit more profound.
That’s according to Saxo Payments CEO and founder Anders la Cour, who recently spoke at the European Payment Summit. Brexit, the executive insisted, means major changes for corporates’ FX and global practices, as well as an overhaul in the company-bank relationship.