21 July 2018
Visit www.avoka.com

RBC integrates financial management platform with online banking for SME clients

13 October 2017  |  6633 views  |  0 RBC web logo

Royal Bank of Canada has teamed up with Wave to integrate invoicing, accounting and financial insights into its online business banking platform.

RBC says that the offering - a first of its kind in North America - will enable its small business clients to manage their financial needs in a single place, with a single sign on.

Tapping Wave’s financial management suite, the service provides a simple interface to give owners insights into their business by combining their banking and accounting information under one view.

In addition, business owners can tap into Wave’s entire suite of services, like invoicing in virtually any currency, automated billing, and the ability to digitally manage receipts and track expenses.

The integration comes just months after RBC joined a $24 million funding round for Toronto-based Wave.

Jason Storsley, VP, small business, RBC, says: "Small businesses generally don’t have dedicated accounting and billing staff; it’s typically the owner of the business who is managing the finances, and completing these tasks takes up valuable time.

"Working with Wave, we’ve created a unique platform where the business owner’s financial life is contained under one roof, making it easier for them to manage their business. This means a small business owner can spend more time being the CEO of their business and less time being the CFO."


Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

RBC customers can now ask Siri to pay their bills

RBC customers can now ask Siri to pay their bills

02 August 2017  |  13534 views  |  0 comments | 21 tweets | 27 linkedin
RBC and NAB invest in financial management software firm Wave

RBC and NAB invest in financial management software firm Wave

30 May 2017  |  6004 views  |  0 comments | 7 tweets | 18 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit iliad-solutions.com/Visit info.nice.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13080 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10685 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9857 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6965 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6807 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job