Connect with us

Banking

RABOBANK SELECTS FINASTRA PAYMENT SERVICES HUB FOR CROSS-BORDER PAYMENTS

RABOBANK SELECTS FINASTRA PAYMENT SERVICES HUB FOR CROSS-BORDER PAYMENTS

Finastra today announced that Rabobank has selected the global payment services hub from Finastra (previously D+H) to centralize cross-border payments.

The Netherlands-based bank is implementing the Finastra global payment hub solution in order to enhance its ability to respond to customer demand and industry developments and realize improved payments infrastructure and reduced cost of ownership. The solution enables Rabobank to consolidate legacy payment operations, simplify operations, and reduce operating expenses. A rules engine will provide the flexibility needed to add new functionality to respond to changing industry and customer requirements quickly and easily.

The Finastra solution is able to meet a majority of the bank’s needs out-of-the-box, with minimal customization. However, additional features and functionality can easily be added to meet the bank’s evolving needs. For example, the solution is compatible with SWIFT’s global payments innovation (gpi) service. These capabilities and more ensure that the bank’s investment will be future-proofed.

“After careful consideration and analysis, Rabobank found the global payment services hub to be able to meet our cross-border payments requirements right away,” says HeimenSchuring, Head of Channel Support & Payment Engine, Rabobank. “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.”

“We are excited that Rabobank has selected our global payment services hub for cross-border payments,” says Mikael Lindh, Head of Payments Sales, EMEA, Finastra. “Financial institutions today face significant challenges, including pressure to increase efficiency while reducing cost. However, many are realizing that the right solution can help them meet these challenges, including providing more robust cross-border payments and improved capabilities.”

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now