The largest difference is that we use more efficient "payment rails" or "plumbing" than a bank.
When a bank sends money overseas, they are unable to send it directly to the receiving bank. Your money is actually passed through many cooperating "intermediary banks" until it reaches the destination bank. And every time an "intermediary bank" touches your funds, they take a small fee for themselves. In the end each movement through each "intermediary bank" costs you time and money.
Veem avoids intermediary bank networks. We transport your payments through cutting edge blockchain technology. And because we only touch your payments once we only need to charge you once. Less touches means less fees and faster payments.