Trovata and PNC Treasury Management Provide Integrated Payment Processing Experience for Corporate and Commercial Businesses
Trovata and PNC leverage APIs to automate client financial operations
Powered by Trovata's new API-based payment experience, the new integration delivers a streamlined, automated end-to-end money movement experience to Trovata subscribers and now, PNC's commercial and corporate banking clients. With Trovata and PNC's PINACLE Connect® API integrations, Trovata and PNC clients can govern payment execution according to their unique signature authority matrix, treasury policy and internal controls. Furthermore, the integrated payment experience delivers faster initiation and automated reconciliation, and with RTP®, instant settlement.
"We understand that business' treasury needs have evolved, which is why we remain committed to making strategic technology investments to address complex business needs and create seamless integrations with our treasury platform," said Howard Forman, senior vice president and head of Digital Channels for PNC Treasury Management. "Our expanded relationship with Trovata is further proof of this commitment, as this integrated payment experience will support our clients' desires to increase automation and optimize their payments processes."
Additionally, PNC and Trovata clients can now automate high-volume batch processing by leveraging Trovata's multi-bank API platform. With a seamless developer experience, joint customers can utilize a single API to build and manage workflows with multiple banking partners.
"Trovata continues to prove that fintech innovation can be about building great user experiences that complement a bank's core services," said Trovata Founder and CEO, Brett Turner. "We're bridging the gap as a tech platform to help banks, like PNC, better serve their clients by automating payments workflows."
PNC Treasury Management offers a platform of innovative, end-to-end technologies and experienced teams that help clients architect and implement a cohesive cash management system for their business. In recent years, PNC has launched other embedded banking experiences for its clients through its API developer portal (www.developer.pnc.com) and PINACLE Connect integrations, built on the foundation of its industry-leading commercial and corporate banking platform, PINACLE®. PNC is committed to investing in leading technology and will continue to support its clients as they work to optimize working capital; achieve faster, more secure transactions; and drive their business forward.
Trovata's new payment experience is accessible through Trovata's web and mobile platforms, as well as its expanding developer portal. To learn more about Trovata, please visit www.trovata.io or @Trovata_io.
About PNC Bank: PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in
About Trovata: Trovata makes it easy for businesses to automate cash reporting, forecasting, analysis, and money movement. By bridging the gap between banks and accounting systems, Trovata helps companies gain powerful insights into their cash flows and facilitate better and quicker business decisions. As an end-to-end fintech platform for managing cash, Trovata collaborates with the world's largest financial institutions to deliver next-gen banking services. Trovata is based in
Media Contacts
Trovata
trovata@inkhouse.com
PNC Bank
Whitney Wilson
214.871.1209
whitney.wilson@pnc.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/trovata-and-pnc-treasury-management-provide-integrated-payment-processing-experience-for-corporate-and-commercial-businesses-301864029.html
SOURCE Trovata
