BOSTON, Oct. 21, 2019 /PRNewswire/ -- Santander Bank
today unveiled its global Santander Cash Nexus solution for
Commercial Banking and Corporate and Investment Banking clients in
North America. This new platform
offers clients a comprehensive suite of global connectivity
solutions and provides access to local payment initiation and
information reporting services in 15 markets around the world via a
single point of entry.
"Providing our clients with the ability to control their
payments and view their accounts in the various countries where
they do business – all from a single online platform – is a game
changer and a major efficiency accelerator," said Ken
Deveaux, managing director and head of Transaction Banking at
Santander Bank in the U.S. "We believe Santander Cash Nexus will be
an important treasury management tool that will enhance our
clients' banking experience and provide them with opportunities to
be far more productive in managing their businesses and overseeing
their financial commitments."
Santander Cash Nexus offers clients the ability to simplify and
automate payment processing both globally and locally, achieving
higher rates of machine-to-machine, straight through processing
using a wide variety of payment types.
Additionally Santander Cash Nexus enables customers to have
broad visibility and control over their cash flows, accessible
through a highly secure, robust Information Center, Portal and
Mobile App. It features automatic reconciliation of account
activities for both Santander and accounts that may be held at
other financial institutions. The portal is also highly
customizable and can display, initiate and authorize transactions
securely from any location in six languages.
Santander continues to invest in practical solutions that allow
clients to digitize and automate transacting to reduce costs,
increase efficiencies and improve controls to gain a competitive
edge. Santander Cash Nexus is another example of Santander's
ongoing commitment to deliver innovative digital banking products
to its customers. It follows the successful launch of Santander
Treasury Link to digitize commercial transacting, and last
November Santander introduced
Santander Enterprise Payment Link to help businesses simplify and
digitize payment processing.
For more information on Santander Cash Nexus, please visit
www.santandercashnexus.com.
Santander Bank, N.A. is one of the country's largest retail
and commercial banks and an active provider of capital, treasury
management, risk management and international solutions. Santander
earns the loyalty of its commercial banking clients by offering
services that help them manage their operating needs, maximize
their working capital and grow their businesses domestically and
internationally. The Bank is a wholly-owned subsidiary
of Madrid-based Banco Santander, S.A. (NYSE: SAN) - one
of the most respected banking groups in the world with more than
125 million customers in the U.S., Europe, and Latin
America. For more information, please
visit https://www.santanderbank.com/us/commercial.
Media Contacts:
Laurie
Kight
214-801-6455
laurie.kight@santander.us
Nancy Orlando
617-757-5765
nancy.orlando@santander.us
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SOURCE Santander Bank, N.A.