Banco Popular to automate interbank commissioning with Dion Global

Source: Dion Global

Dion Global Solutions (Dion | BSE: 526927) announced that Banco Popular has signed another deal with Dion for their FinCASE Bank to Bank Commissions module that will help Bank automate the process of interbank charges claimed for payment services.

Committed to providing maximum benefits to their customers, the Bank is focused on optimizing and increasing efficiency while enabling significant cost reduction.

“Low interest rates and increasing demands by regulators for transparency in fee management is putting banks under tremendous pressure to manage costs and overall profitability”, said Juergen Dahmen, Global Business Head - Financial messaging & workflow, Dion Global. He continued to add, “we are delighted that Banco Popular chose Dion Global’s solution to automate their processes. The Bank’s continued faith in Dion is a testimony to the hard work and focus to build innovative solutions that bring ease to the financial services industry. Dion’s FinCASE solution for “Bank to Bank Commissions” will allow Banco Popular to manage their interbank charges more effectively. The solution will integrate seamlessly with other systems running at the bank and will eliminate human errors during manual processes.”

Founded in 1926, Banco Popular is one of the largest banking groups in Spain. The Bank has been Dion Global’s client since 2012, using other modules of their FinCASE solution.

Daniel Martin Leon, Head of International Payments Department - IT Area at Banco Popular said, “At Banco Popular, we are committed to improve our services to our customers and create value for all our stakeholders. We are constantly looking for ways to improve our processes and build better solutions and services for our customers. Investing in the right technology is key for this purpose. Having worked with Dion Global for over four years, we are convinced that they are the right partners for us. We are impressed with their solutions and service commitments and are happy to further strengthen this relationship.”

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