The partnership aims at having the new service go live in spring 2021
Raiffeisen Switzerland has teamed with CoCoNet to introduce a new service offering. It will provide cash management and payment transaction solutions for all companies, whether large or small. It will also be integrated with a range of functions.
In the first stage, the partnership includes interbank retrieval of account information and secure payment release. It also includes the creation of payment orders, tools for liquidity planning, and cash pooling.
Customers will be able to choose offering profiles based on their needs. This is enabled through a dashboard with customizable roles, permission, and views.
The platform will, later on, be expanded to accommodate more functions such as self-customer services.
We’ve reported that Raiffeisen Bank International just launched its group-wide API marketplace.