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Santander CIB, SAP team to digitize transaction banking
July 28, 2022
Specifically, the partnership will focus on solutions around the concept of invisible banking, improving client-to-bank connectivity, and providing financial tools to help each firm’s clients navigate supply chain disruptions and accelerate the decarbonization of their industrial activities.
In the first initiative between the partners, Santander CIB has enhanced its connectivity capabilities by joining SAP Multi-Bank Connectivity (MBC), making it the first European Union bank to do so.
On the news, Jose Luis Calderon, head of Global Transaction Banking at Santander CIB, said, “This partnership is a step forward in the digitalization of the solutions we provide to our clients, with a strong focus on connectivity, supply chain management and energy transition.
“We already have a strong transaction banking solutions portfolio in Europe, America and Asia that help our clients navigate the complexity of doing business globally. This valuable proposition comes from the combination of understanding their needs and their daily challenges, leveraging on latest technology that SAP can deliver and the depth and breadth of our product offering.”
Important Links:
- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://tscfm.org/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/