Rabobank selects Finastra payment services hub for cross-border payments

LONDON, UK, and TORONTO, Canada, June 21, 2017 /PRNewswire/ - 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."

About Finastra
Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017 by the combination of Misys and D+H, we provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to deploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or geographic location—from global financial institutions, to community banks and credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. 48 of the world's top 50 banks use Finastra technology. Please visit www.finastra.com.

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SOURCE Finastra