Rabobank extends collaboration with Finastra for its next generation payments hub – QNT Press Release

Dutch bank selects Finastra to future-proof its payments with a modern and functionally rich solution

LONDON, June 23, 2022 /PRNewswire/ — Finastra today announced that Rabobank – a large international financial services group headquartered in the Netherlands – has selected the latest version of Fusion Global PAYplus for increased efficiency and innovation in payments. Finastra’s payments hub will also help the bank migrate to the new ISO 20022 payments standard, due to go live in the eurozone for SWIFT messages in November 2022.

With support from Finastra, Rabobank was recently awarded for achieving a straight-through processing (STP) rate for SWIFT MT103 and MT202 payment messages of over 99 percent for the last five years, by one of its correspondent banking partners. Upgrading Finastra’s solution will enable the bank to continue processing cross border (high value) payments effectively, while benefiting from higher quality data and reduced errors and delays.

“One of the most important requirements when …

Full story available on Benzinga.com

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