About the Transformation
A leading Dutch bank, responding to the demands of its corporate clients for better cash management in a more challenging environment, transformed its cash management services. It partnered with Finacle to create a powerful new cloud-based cash management platform that was globally compliant, customized to client needs, and had a range of features that empowered clients to unlock the power of liquidity for competitive advantage.
Benefits for All
Benefits for the Bank
- With the product-based approach to cash management, the Bank can design and launch new products in the market rapidly
- The Bank can enjoy reduced operational costs and enhanced control and visibility with the platform’s with multi-currency, multi-country and multi-time zone capabilities to centralize operations
- A SaaS based transformation, in full compliance with regulatory compliance, especially on Schrems II data privacy regulation
Benefits for the Customers
- Consolidates liquidity positions across clients’ multiple banking relationships
- Cross-border liquidity management enables clients to optimize interest
- True agility to offer tailored sweeps and pooling structures that are fully contextualized to corporate’s unique needs
Press Release
Uniting Financial Services, Australia Subscribes to Infosys Finacle’s Digital Banking SaaS Suite on AWS cloud
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