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Raiffeisen to introduce new corporate payments functionality with CoCoNet

Source: CoCoNet

The third largest Swiss banking group Raiffeisen and the software provider CoCoNet are launching a joint project to introduce a new service offering for the corporate customers of the Raiffeisen banks.

The new service offering is scheduled to go live in spring 2021.

The new offering aims to provide a complete solution for payment transactions & cash management for small to large companies with a fully integrated range of functions. In an initial phase, this includes standardized data exchange (EBICS), secure payment release (remote authorisation), interbank retrieval of account information (multibanking), tools for liquidity planning and management (cash pooling) and creation of payment orders. A dashboard with customizable views, roles and permissions allows customers to choose from different offering profiles according to their needs. The platform will be expanded to include additional functions, such as customer self-service.

The project will be implemented on the basis of CoCoNet’s MULTIVERSA products. “After a thorough evaluation we have decided in favour of the MULTIVERSA products. In addition to the range of functions especially designed for corporate customers and the convincing front-end, the comprehensive EBICS expertise of the CoCoNet team was a decisive factor”. Markus Beck, Head of Payment Transactions for Corporate Customers at Raiffeisen Switzerland, explains their decision for cooperating with the Düsseldorf-based software provider.

Björn Hassing, CEO of CoCoNet, adds: “We are very pleased to have won a new customer in Switzerland with the Raiffeisen Banking Group. With our products and services we want to continuously improve the cooperation between banks and their corporate customers. We focus on digitised processes and good usability.”

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