Treasury Management Internation Logo

Standard Bank Selects Fundtech’s Global Cash Management Solution to Provide Seamless, Cross-Border Corporate Liquidity

Published 

— Leading African transaction bank to provide corporate customers with full visibility into accounts and transactions

New York – Fundtech, a market leader in global transaction banking solutions, today announces that Standard Bank has selected Fundtech’s cash management solution, Global CASHplus, to provide real-time liquidity management, cash flow forecasting, and balance reporting services to its corporate customers. It will give the bank the ability to provide its corporate customers with improved liquidity through full visibility into accounts and transactions, as well as the ability to forecast and act on this information.

Standard Bank, a leading transaction bank in Africa, sought to strengthen its competitiveness in the marketplace by implementing a global liquidity management system that supports the delivery of integrated real-time services regardless of where the customer is domiciled or accounts are held. Standard Bank selected Fundtech to execute this vision based in part on Fundtech’s experience executing complex cash management and liquidity projects with large Pan-African and global banks. The bank will implement the solution first in South Africa and then through other countries in which it operates.

“Standard Bank is committed to being the leading corporate and investment bank in, for, and across Africa,” says Mr. Jerry Pearce, Standard Bank’s Global Product Head of Transactional Products and Services, Corporate and Investment Banking. “Liquidity optimization and cash forecasting are increasingly important to corporate treasury groups faced with a need to manage working capital and optimize surplus funds—often across borders and currencies. Regardless of location or where they conduct business, Standard Bank is able to provide its customers with a seamless treasury experience.”

“As the speed of the transactions accelerates, so does the need for accurate and timely information,” says Peter Reynolds, Fundtech’s Managing Director, EMEA Sales. “Thinly-stretched treasury departments struggle to identify liquidity positions at the enterprise-wide and real-time levels. Financial institutions that can offer solutions to their corporate customers will benefit by becoming a valuable partner, gaining a competitive advantage, and increasing revenues.”

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...

25:12

HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...

16:24

The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...

33:16

HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....

20:58

Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...

34:25

HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...

25:48

Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...

28:21

Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...

16:54

Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...

23:55

Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...

23:55