Santander launches international cash management platform

Santander has announed the roll out of a new international cash management platform as part of the bank’s ongoing digital transformation programme.

Santander Global Connect is a brand-new cash management platform designed to support international growth plans for Santander’s corporate and commercial customers.

The first release of the platform, which is currently in pilot, provides customers with access to a view of liquidity held globally.

Subsequent releases will enable self-service digital capabilities to manage, control, and mitigate cash and business risk, all from a single portal.

Client feedback will form a critical part of future enhancements, to ensure the global cash management platform meets and exceeds client requirements.

The new platform will include a centralised multi-bank information portal with a consolidated view of cash positions, account and transaction level reporting for both domestic and international activities, and country level visibility of foreign currency accounts held, and banks used by customers.

"This new platform will allow us to support UK businesses of all sizes to seamlessly manage their international transaction and cash management banking needs,” said John Carroll, head of international and transactional banking, Santander UK. “It will also help us to develop and grow relationships with existing customers and support the international growth needs of new customers.”

Carroll added: “There has never been a more important and exciting time for businesses to consider international expansion. By collaborating with Finacle, we’re able to offer our customers a crucial tool to support both them and our own international banking strategy now and in the future.”

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