Santander Bank UK transformed their International Cash Management System with Finacle to improve predictability and investment yields for their corporate customers. With innovative liquidity planning and forecasting capabilities, coupled with real time cash flow views, the bank’s corporate customers have a high level of visibility and control over funds, even while banking remotely. In addition, the bank’s customers are enabled to undertake secure global interbank cash management services, from anywhere, on any device of their choice.
Using Finacle solutions, Santander will provide our corporate customers a single point of access to better manage their interbank global commercial cash flow conveniently and securely. It represents a significant part of GTB UK’s channel strategy, helping to prepare the bank for its shift towards serving its digitally enabled corporate clients.
Bart Timmermans, Head of Global Transaction Banking (GTB), Santander UK.
“Financial technology (fintech)-enabled newcomers are nibbling away at niche areas of traditional corporate bank revenue streams, from foreign exchange (FX) to payment services and cash management data provision. Banks must respond with better services and data to maintain market share”
Provides a comprehensive range of integrated cash management services, enabling corporate customers across the continuum of real time Cash Visibility, Cash Mobility and Intelligent Cash Management, on any channel of their choice. Componentized solutions allow for flexibility to modernize at the bank’s own pace and Open APIs enable easy ERP integrations.
Key solutions include:
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