Bottomline Technologies zeigt Open-Banking-Kompetenz auf Eurofinance-Konferenz
PORTSMOUTH, NH (September 26, 2018) - Bottomline Technologies is delivering a growing range of open banking payment and cash management solutions to businesses and banks. The company offers financial technologies that make complex business payments simple, smart, and secure. The announcement was made at Eurofinance's International Treasury Management Conference in Geneva.
The latest solution from Bottomline Technologies combines the flexibility of Open Banking APIs with the existing secure connectivity. This gives companies and financial institutions real-time insight into the balances of their bank accounts and the transactions booked on them. The solution not only allows a connection to banks in Great Britain and the European Union, but to practically every bank worldwide. This global coverage is due to Bottomline's innovative and differentiated approach, which extends the geographic reach of UK open banking standards and the European PSD2 directive.
"Never seen change"
"There is currently an unprecedented change in payments," said Nigel Savory, Managing Director, Global Business Solutions, Bottomline Technologies. "As a trustworthy fintech partner, Bottomline is well positioned to provide new cloud-based solutions. This allows our customers to benefit from the advantages of open banking - shielded from the complex and constantly changing environment of payment transactions. »
With a view to the new open banking models and with the permission of customers, the Bottomline solution acts as an aggregator. Customer data is collected from banks across the UK and across Europe, with balance and transaction information bundled in a single interface. It is now also possible to initiate payments from several banks with this solution.
"Bottomline's early experience of this exciting time of change will be invaluable in both the UK and other parts of the world, especially as open banking is becoming more common," said Marcus Hughes, Head of Strategic Business Development, Bottomline Technologies. «We build on our know-how with banks and corporate customers via SWIFT and other messaging protocols. Now we can use open banking to offer our customers more options and greater flexibility for secure payment transactions and cash management. » (Bottom Line / mc)
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) helps make complex business payments simple, smart, and secure. Corporations and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and bill review, and state of the art fraud detection, behavioral analytics and regulatory compliance solutions. Thousands of corporations around the world benefit from Bottomline solutions. Headquartered in Portsmouth, NH, Bottomline delights customers through offices across the US, Europe, and Asia-Pacific. For more information visit www.bottomline.com .
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