23 July 2017
Download the paper now.

Rabobank selects Finastra payment services hub for cross-border payments

21 June 2017  |  5742 views  |  0 Source: Finastra

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 Heimen Schuring, 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.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.abe-eba.euvisit www.niceactimize.com

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
13951 views comments | 19 tweets | 15 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
10200 views comments | 14 tweets | 20 linkedin
Barclays rides payments-as-a-service wave with investment in Form3Barclays rides payments-as-a-service wave...
9081 views comments | 16 tweets | 12 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
7698 views comments | 25 tweets | 16 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
6987 views comments | 9 tweets | 5 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job