Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. 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 to our advertising partners websites. 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 advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

SANTANDER CORPORATE AND COMMERCIAL APPOINTS EQ GLOBAL TO ENHANCE ITS INTERNATIONAL PAYMENTS OFFERING

SANTANDER CORPORATE AND COMMERCIAL APPOINTS EQ GLOBAL TO ENHANCE ITS INTERNATIONAL PAYMENTS OFFERING

Santander Corporate and Commercial (Santander) has appointed EQ Global, the leading cross-border payments provider, to strengthen the bank’s international payments offering for UK-based SME clients.

Santander offers a wide range of personal and commercial financial products and services, serving more than 14 million active customers through its branch network and regional corporate business centres across the UK.

In a move to further strengthen its corporate customer proposition, the partnership will provide Santander’s customers with a more complete service and extended reach. This will enable businesses to make payments in 100 currencies to over 120 countries across the globe.

Furthermore, the partnership will increase the already impressive speed and efficiency at which international transactions can be made for the bank’s customers. The process will use EQ Global’s bespoke technology built to connect the banking and fintech sectors and support major banks of this size.

Michael Vallance, Managing Director and Head of Transaction Banking, Santander Corporate and Commercial Bank, said: “Santander has a clear strategy to help businesses prosper and to support our high growth clients to expand internationally, against a backdrop of record levels of international trade being undertaken by UK companies. Our recently published Santander Trade Barometer reaffirmed the importance of banks facilitating trade undertaken by their clients, in a climate of positive economic trends in globalisation, digitisation and mobility.

“A critical part of our product development and innovation strategy, is helping our clients make payments in different currencies and the accompanying reporting and reconciliation activities. The new international payments proposition developed in partnership with EQ Global allows us to extend our range of international payment currencies to market leading levels, giving our clients much greater choice in which currencies they are able to make payments, and providing strong levels of operational efficiency, cost competitiveness and improved reconciliation. After piloting the proposition in January, we aim for full go live from February 2018.”

Nick Pedersen, Managing Director of EQ Global, said: “Since rebranding ourselves as EQ Global in July 2017, we have continued to develop our product offering and have expanded our business through several key new hires. Working in partnership with the major banks is something we have been striving towards and we are thrilled to be providing Santander with the full breadth of our services.

“By successfully connecting two key entities in the banking and fintech sectors, Santander’s customers will see the benefits of a partnership resulting from strong individual capabilities, complementing each other efficiently and securely.

“With our partnership now in place, Santander will have an improved corporate customer experience that will hopefully bring about commercial benefits both in the short and long term, as well as ensuring its clients have an even more comprehensive and efficient cross-border payments process.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post