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Bankline Direct is a cashmanagement solution for financial institutions that fully integrates with Treasury Management Systems and enterprise resource planning platforms to automate payment processing and data reconciliation and provide connectivity to UK and European payment schemes.
Singapore-based bank DBS is offering an API-powered payment service that lets companies scan QR codes on invoices to then immediately pay suppliers via the city-state’s near-real-time payments rail. Even those helpful supports are far from all the benefits that banking APIs can unlock for users, according to Diane S.
As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cashmanagement technologies can often be stuck in the past, failing to keep up with financial execs’ needs. Despite the data challenge, pressures on CFOs and treasurers continue to mount.
In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at JPMorgan , said treasurers seeking to gain visibility into cashmanagement can find application programming interfaces (APIs) to be a useful (and even critical) tool. Age And Complexity.
Traditional accounts payable suffers multiple points of friction often rooted in that data is stored on paper or stuck in emails, is rarely integrated across multiple back-office systems, and is not easily digitized and analyzed for reconciliation and cashmanagement purposes. Faster Payments.
The marketplace is intended to help businesses and developers create communications apps more quickly, and help companies embed services for near-real-time customer communications on their apps and websites. Meanwhile, telecommunications provider AT&T is launching its own API marketplace. Inside HSBC’s PSD2 Developer Portal.
So-called ‘open APIs’ help both companies and their lenders share crucial information in nearreal-time to get a better understanding of affordability levels and make better-informed decisions.
So-called ‘open APIs’ help both companies and their lenders share crucial information in nearreal-time to get a better understanding of affordability levels and make better-informed decisions.
With Bankline Direct Digital, we have helped the bank transition from a complex and capacity-constrained legacy architecture to a scalable launch pad for nearreal-time connectivity that can accommodate customers’ ever-changing payment, data and regulatory needs.”
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