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Infosys Finacle and Santander launch Cash Management System

Tuesday 26th June, 2018

Infosys Finacle part of EdgeVerve Systems, a subsidiary of Infosys and Santander UK has announced the launch of a new inter-bank cash management system for its corporate customers.

To enhance the user experience, 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.

This will enable greater personalisation options and the ability to rapidly introduce new product innovations for customers. Santander will utilise Finacle’s proven digital offering which includes, online banking, omnichannel hub, payment solution and liquidity management solution to help achieve this.

Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle, said, "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 modernising 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, 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."