Multi-banking is becoming increasingly important. Today, 88 per cent of Swiss institutional clients already use e-banking to conduct their banking affairs. However, not only has the use of digital banking risen sharply, advancing digitalisation has also led to more opportunities. New offerings simplify the daily work of SMEs and large corporations and therefore significantly increase the efficiency of their processes. The digital offering of Swiss financial service providers has long since gone beyond the processing of simple payment transactions.
The future is multi-banking
One of the latest and most promising developments in the area of e-banking is multi-banking. Multi-banking solutions grant companies an overview of their various bank accounts thanks to digital interfaces and allow them to manage the banking relationships of a wide range of institutions with a single-sign login. This greatly simplifies the processing of financial transactions and enables very efficient cash management. In order to enable bank to profit from innovative solutions for SME clients and offer an outstanding digital customer experience, it is absolutely essential for many financial institutions to integrate multi-banking solutions.
This also prompted PostFinance, one of the leading financial institutions in Switzerland, to launch a new multi-banking solution that offers numerous functions for efficient cash management. Technically, the solution is based on MULTIVERSA IFP, the payment and cash management portal from CoCoNet. adesso Schweiz AG was elected as the implementation partner. Consulting and IT service provider adesso, a cooperation partner of CoCoNet, has a solid grasp of the solution.
