Santander is to introduce an inter-bank cash management portal supplied by Infosys’ Finacle unit to provide its customers with a fully-integrated solution with resilient, secure cash management services accessible through any device of their choice.
According to Santander, the deal will enable greater personalisation options and the ability to rapidly introduce new product innovations for customers. Santander will utilise Finacle’s digital offering including Finacle Online Banking, Omnichannel Hub, Payment Solution and Liquidity Management Solution to help achieve this, and to better support its customers.
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Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle, said, “Santander UK’s decision to undertake this transformation programme, is a reflection of the bank’s abiding commitment to deepening customer satisfaction, while modernising for the future. Santander will benefit through Finacle’s proven end-to-end solutions and rich experience of implementations in 100 countries.”
Bart Timmermans, Head of Global Transaction Banking (GTB), Santander UK, said, “Using Finacle solutions, Santander will provide our corporate customers a single point of access to better manage their interbank global commercial cash flow conveniently and securely. It represents a significant part of GTB UK’s channel strategy, helping to prepare the bank for its shift towards serving its digitally enabled corporate clients.”
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