ENTRIS BANKING enhances payment connectivity with Bottomline

By Joy Dumasia

Bottomline, a provider of financial technology that makes complex business payments and financial messaging simple, smart and secure, announced that ENTRIS BANKING AG, a new Swiss customer, has selected Bottomline’s SaaS-based payment connectivity platform to provide customers with an enhanced, more flexible domestic and international payment experience. 

ENTRIS BANKING is a business process and technology outsourcing provider acting as a transaction bank and payment hub to a group of more than 40 small and mid-sized banks in Switzerland. ENTRIS BANKING required a collaborative technology partner with a sophisticated understanding of the disruptive changes set to shape Swiss and International payments schemes to support and navigate its digital transformation journey. 

Beyond domestic SIC/SECOM and cross-border SWIFT connectivity, the new SaaS-based platform will enrich the onboarding and user experience for ENTRIS BANKING’s customers and improve its back-office operations. By updating its technology stack, ENTRIS BANKING will benefit from the centralised data intelligence and control, increased efficiency, and improved risk management that the solution offers. 

Juerg Gutzwiller, CEO, ENTRIS BANKING, said: “In light of the evolving payments industry in Switzerland, the switch to Bottomline’s SaaS-based payment connectivity platform will be an important step ahead. We selected Bottomline because of its modular technology, the comprehensive support and its international payment experience. This will allow ENTRIS BANKING to offer its customers an efficient and future-proof payment hub, which will be ready for the challenges ahead, such as the introduction of instant payments in Switzerland.” 

Daniel Bardini, Bottomline’s Managing Director of Financial Messaging, Switzerland, said: “For us, it’s not only about collaborating with financial institutions to deliver technology and innovation that will meet their payment needs. It’s also about doing all we can to help simplify their processes, leaving them free to focus on running and growing their own business.”

IBS Intelligence reported that Bottomline, a leading provider of financial technology that makes complex business payments simple, smart, and secure, recently announced that it had completed the acquisition of Bora Payments Systems, enabling Paymode-X vendors to utilise straight-through processing (STP) as a method of accepting virtual card payments.