Dutch group Rabobank has chosen the global payment services hub of fintech firm Finastra to centralise cross-border payments in order to better respond to industry changes.
Finastra, the company recently formed through the merger of fintech firms Misys and D+H, said that its payment hub will allow the Dutch lender to consolidate legacy payment operations, and curb operating costs.
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The solution, according to Finastra, has been designed to serve most of the out-of-the-box requireemnts of the bank with minimal customisation.
Rabobank head of channel support and payment engine Heimen Schuring said: “After careful consideration and analysis, Rabobank found the global payment services hub to be able to meet our cross-border payments requirements right away. We look forward to replacing legacy systems with a single solution that not only meets our current needs, but can also expand to satisfy future demand.”
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