Current Situation
Currently installed corporate banking systems do not enable corporate clients to optimize payments based on things like cost or cash flow. Payment service offerings for corporate customers lack faster settlement options and advanced analytics. This is especially true for smaller corporate clients and large “small business” customers.
Goals and Objectives
Providing corporate and treasury customers with more control of payments and cash management, faster settlement and the advanced data analytics to predict things like cash flow. Enabling this capability for corporate clients both large and small is a competitive differentiator in the market today.
Technology Deployed
- Payment services hubs built on SOA and/or open API architectures
- Big data/analytics
- Sophisticated modeling and dashboard systems to allow corporate customers to track payments in real or near-real time.
Use Case Summary
Large corporate clients needs more flexibility in paying vendors that offers lower costs, cash management capabilities and the data to more precisely manage their accounts. A unified payments infrastructure allows the bank to provide a flexible architecture within which these services can be delivered.