Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), announced on Tuesday it has teamed up with Santander UK to launch a new inter-bank management system for Santander UK corporate customers.
According to Infosys Finacle, Santander will introduce an inter-bank cash management portal to provide its corporate customers a fully-integrated solution with resilient, secure cash management services accessible through any device of their choice. Santander will also be utilizing Finacle’s proven digital offering, which includes Finacle Online Banking, Omnichannel Hub, Payment Solution and Liquidity Management Solution to help achieve this, and to better support its customers. While sharing more details about the system, Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle, stated:
“Corporate banking customers across the world are becoming increasingly digital in their operations and sophisticated in their demands from their banking relationships. Santander UK’s decision to undertake this transformation program, is a reflection of the bank’s abiding commitment to deepening customer satisfaction, while modernizing for the future. Santander UK 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, went on to add:
“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.”