Swedbank has chosen the Cash Management & Pooling System (CPS) by ecofinance because of the system’s extensive scope of functions and the software provider’s experience of similar large-scale projects with other reputable banking customers.
CPS’ functions include cash concentration and notional pooling, and an interface for the bank-user and web interface for the customers in Swedbank group. The web front-end has been customised to fit with the look and feel of the bank.
Leif Karlsson, head of payments at Swedbank, said: “The ecofinance solution was chosen due to functionality and time-to-market reasons. This is an important step in our effort to broaden our cash management offering. We visited banks that are already running ecofinance and we were able to decide that ecofinance was the right system for us.”
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