Payments Case Study: Implementing a Market-Leading Global Payments Platform

Report Summary

Payments Case Study: Implementing a Market-Leading Global Payments Platform

The partnership between Santander and iGTB has created a global payments platform that did not exist in the market previously.

Erika Baumann
Director, Commercial Banking & Payments Practice

Boston, September 8, 2021 Financial institutions are under increasing pressure to provide corporate clients with both local and global payment functionality. But for financial institutions that have a footprint in multiple geographies, meeting these demands is difficult due to local regulations, payment networks, and culture. To solve for these concerns, Santander Bank, supported by Intellect, has successfully launched a market-leading global payments platform.

This case study analyzes how Santander implemented a global payments platform through a development partnership with Intellect, putting Santander in a leading position to compete, and even surpass, the payment capabilities of the largest global banks. This case study is based on Aite-Novarica Group interviews with Santander and iGTB executives. It also draws from the analyst’s in-depth knowledge of the market.

Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this 13-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions Intellect Design Arena and Santander.

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