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Banking

RABOBANK SELECTS FINASTRA PAYMENT SERVICES HUB FOR CROSS-BORDER PAYMENTS
RABOBANK SELECTS FINASTRA PAYMENT SERVICES HUB FOR CROSS-BORDER PAYMENTS

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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.”

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

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