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.
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.