back Back

Infosys Finacle and Santander UK roll out new cash management platform

By Megha Bhattacharya

July 21, 2021

  • Infosys
  • UK
Share

santanderInfosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and Santander UK, today announced the rollout of Santander UK’s international cash management platform as part of the bank’s ongoing digital transformation programme. Santander Global Connect will be powered by the Finacle Cash Management Suite that includes the Finacle Digital Engagement Hub, Finacle Online Banking, Finacle Payments and Finacle Liquidity Management solutions.

Santander Global Connect is a cash management platform designed to support the international growth plans for Santander’s corporate and commercial customers. The first release of the platform, which is currently in pilot, provides customers with access to view liquidity held globally. Subsequent releases will enable self-service digital capabilities to manage, control, and mitigate cash and business risk, all from a single portal.

John Carroll, Head of International and Transactional Banking, Santander UK, said, “This new platform will allow us to support UK businesses of all sizes to seamlessly manage their international transaction and cash management banking needs. It will also help us to develop and grow relationships with existing customers and support the international growth needs of new customers. There has never been a more important and exciting time for businesses to consider international expansion. By collaborating with Finacle, we’re able to offer our customers a crucial tool to support both them and our own international banking strategy now and in the future.”

According to the companies, key capabilities of the new platform will include a centralised multi-bank information portal with a consolidated view of cash positions, account and transaction-level reporting for both domestic and international activities and country-level visibility of foreign currency accounts held, and banks used by customers.

Sanat Rao, Chief Business Officer & Global Head, Infosys Finacle, said, “With the increased volatility and complexity of the global business environment, corporate treasurers need to monitor and manage their liquidity positions and working capital in real-time. We are excited to extend our partnership with Santander UK to enable this for their corporate and commercial banking customers. The new platform will power innovative global cash and liquidity management services, along with much-needed flexibility, openness, and self-serve capabilities.”

Previous Article

July 21, 2021

OTTO and Concardis of Nets Group expand collaboration for payments

Read More
Next Article

July 21, 2021

Technicorum Holdings announces launch of microlending platform Gennix

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Infosys

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 03, 2024

Mashreq rolls out Instant Payments API for UAE corporate clients

Read More

June 26, 2024

Razorpay brings MoneySaver Export Account to simplify global payments to Freelancers

Read More

March 13, 2024

SBI selects ‘iCashpro+’ Aurionpro’s Cash Management & Transaction Banking Platform

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024