How the New World of Invisible Banking Supports Decarbonization

Rhea-AI Summary

Santander CIB partners with SAP to expand digitization of global transaction banking services, becoming the first EU bank to join SAP Multi-Bank Connectivity. The partnership prioritizes connectivity and new digital solutions to accelerate client-to-bank services.

Positive

• Santander becomes the first EU bank to join SAP Multi-Bank Connectivity, enhancing their global transaction banking services
• Partnership with SAP prioritizes connectivity and new digital solutions for faster client-to-bank services

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• None.

NORTHAMPTON, MA / ACCESSWIRE / August 7, 2023 / SAP

Originally published by Forbes

Santander CIB has partnered with SAP to expand the digitization of their global transaction banking services. Through the alliance, Santander has become the first bank in the European Union to join SAP Multi-Bank Connectivity, a service connecting banks and financial institutions to corporations across the globe. The partnership prioritizes connectivity and new digital solutions to accelerate client-to-bank services. It provides invisible banking solutions by embedding Santander services within a company's Enterprise Resource Planning (ERP) system.

"SAP is the most widely used ERP among corporate clients, and it is the perfect partner to co-create distinctive solutions and make invisible banking tangible," said Calderón.

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Financing the transformation of energy. SANTANDER. Image courtesy of Forbes.

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SOURCE: SAP

View source version on accesswire.com:
https://www.accesswire.com/772730/How-the-New-World-of-Invisible-Banking-Supports-Decarbonization

FAQ

What is the partnership between Santander and SAP about?

The partnership aims to expand the digitization of global transaction banking services and prioritize connectivity and new digital solutions for faster client-to-bank services.

What is SAP Multi-Bank Connectivity?

SAP Multi-Bank Connectivity is a service that connects banks and financial institutions to corporations across the globe.

What does the partnership mean for Santander?

Santander becomes the first bank in the European Union to join SAP Multi-Bank Connectivity, enhancing their global transaction banking services.

What are the benefits of the partnership?

The partnership prioritizes connectivity and new digital solutions, which will accelerate client-to-bank services.