back Back

Raiffeisen and CoCoNet team up for new corporate offering

By Megha Bhattacharya

November 20, 2020

  • Raiffeisen
  • Switzerland

raiffeisenSwiss banking group Raiffeisen today announced a collaboration with software provider CoCoNet with an aim to launch a new joint service offering for corporate customers of the Raiffeisen banks.

“After a thorough evaluation, we have decided in favour of the MULTIVERSA products. In addition to the range of functions especially designed for corporate customers and the convincing front-end, the comprehensive EBICS expertise of the CoCoNet team was a decisive factor”. Markus Beck, Head of Payment Transactions for Corporate Customers at Raiffeisen Switzerland, commented.

According to the companies, the solution supports payment transactions and cash management for small companies along with a fully integrated set of functions. In an initial phase, this includes standardized data exchange, payment release, interbank retrieval of account information, tools for liquidity planning and management and creation of payment orders. The platform will be expanded to include additional functions, such as customer self-service. The project will be implemented on the basis of CoCoNet’s MULTIVERSA products.

Björn Hassing, CEO of CoCoNet, added, “We are very pleased to have won a new customer in Switzerland with the Raiffeisen Banking Group. With our products and services we want to continuously improve the cooperation between banks and their corporate customers. We focus on digitised processes and good usability.”

The newly launched service is expected to go live in Spring 2021.

Recently, investment platform, Bitpanda announced a partnership with Raiffeisen Bank International (RBI) in a bid to implement its blockchain-interoperability project Pantos on the RBI Coin. RBI Coin is a next-generation digital cash solution for inter-bank and inter-company payments to streamline cash and liquidity management and introduce new banking products to corporate and institutional customers.

Previous Article

November 20, 2020

Fiserv’s Carat ecosystem enables ExxonMobil & Google Pay integration

Read More
Next Article

November 20, 2020

ClearBank selected by Gemini for UK banking solutions

Read More

IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024


Most of KSA organizations uses AI in their cybersecurity strategies, 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

March 13, 2024

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

Read More

February 28, 2024

iGTB Intellect deploys its CTX platform for Societe Generale

Read More

January 23, 2024

Crédit Agricole CIB selects iGTB’s CTX cash management solution

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
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!
Get your copy now! IBSi Sales League Table 2023