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
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