Today’s bank-centric ecosystem is expensive for banks to manage and inconvenient, slow, and tedious for customers, suppliers, and partners to access. Host-to-host dominates corporate-to-bank connectivity. This makes onboarding new customers expensive and lengthy, while customers struggle to integrate data to get a cross-bank view of their financial position.
Goals and Objectives
Improve product and business model innovation and competitive standing. Facilitate data access for clients — real-time access to payment data rather than with current MT101s and MT940s. Reduce customer onboarding times from weeks to days. Move away from the batch to real time.
Address key client pain points and develop better customer experiences.
- Enterprise Digital Platform
Use Case Summary
Client connectivity simplification will enable banks to connect to a multitude of other entities faster. A seamless integration between banks, corporates, ERP and TMS providers, and payment systems is crucial to accelerate the DX and power industry 4.0. Corporate customers benefit from better visibility of their liquidity, operational efficiency, and lower cost.