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CoCoNet To Power B2B Payments Offering For Raiffeisen. Swiss banking group Raiffeisen has tapped banking software company CoCoNet to develop a B2B payments and cashmanagement offering for small businesses and larger corporate customers of the financial institution, CoCoNet revealed in a recent announcement.
Several years later, the initiative has made big strides as other markets around the globe look to the U.K. to launch their own faster payments efforts. But there is still a long ways to go, and in the several years since the Faster Paymentsinitiative first began, it’s also morphed to evolve along with the technology available.
Tripping Up CashManagement. Without the ability to obtain bank account data in real time, organizations and their treasurers cannot quickly and efficiently analyze cash positions, initiate transactions, or forecast cash flow. At the heart of this point of friction, of course, is data.
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