Santander Bank is rolling out a new solution for its corporate clients. The financial institution (FI) announced Tuesday (Dec. 12) that its Treasury Link solution is now live in the U.S. and will provide cash management services for such corporate customers.
The portal provides access to various desktop tools and offers a 24/7 communication channel with the bank. Corporate users can customize their dashboards for quick access to data on accounts, balances, transactions and other areas of corporate finance. Treasury Link has also integrated cash flow management, fraud and authentication capabilities, while its electronic payment service supports domestic and cross-border wire and ACH payments.
“Santander Treasury Link joins our portfolio of core electronic banking capabilities that help our commercial and business banking clients manage, monitor and maximize their working capital while improving their operating efficiency and controlling risk,” said Bob Rubino, co-president and head of commercial banking at Santander. “What makes Santander Treasury Link such a highly competitive and useful product is its convenience, flexibility and customized controls. This platform is an important differentiator for Santander — and one that is going to be instrumental in improving the client experience and empowering clients in ways that help them manage their money and their workflows more efficiently.”
Santander has made several moves this year to enhance its services for corporate customers. Earlier this month, the bank invested in Tradeshift, which provides cash flow and procure-to-pay services for small- and medium-sized businesses (SMBs), after announcing a partnership with the company in July to enhance its supply chain financing services.
“Our goal is to be able to finance each transaction within the supply chain,” said Alejandro Romanos, global head of innovation in supplier finance for Santander, in an interview with The New York Times at the time.