Banking News

Santander UK Launches Cash Management Platform Via Infosys Finacle

Santander UK Launches Cash Management Platform Via Infosys Finacle

(26 July 2021 – United Kingdom) Santander United Kingdom (UK) have developed and launched a new cash management platform, Santander Global Connect, powered by Infosys Finacle’s technology.

As the bank seeks to support international growth plans for its corporate and commercial business, it is necessary for the bank to deploy digital solutions for highly demanded cash management products. The first phase of the new launch will enable users to view their liquidity positions on a global scale. Soon, the platform will also allow users to self-manage and mitigate cash and business risks. Overall, the platform will offer a consolidated view cash positions, increase visibility on foreign exchange, and provide detailed transaction and account reporting.

Santander Global Connect is powered by Infosys Finacle Cash Management Suite with additional applications from Finacle Digital Engagement Hub, Finacle Online Banking, Finacle Payments, and Finacle Liquidity Management.

“By collaborating with Finacle, we’re able to offer our customers a crucial tool to support both them and our own international banking strategy. It will also help us to develop and grow relationships with existing customers and support the international growth needs of new customers” commented Santander UK Head of International and Transaction Banking, John Carroll

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