Nowadays, a new kind of relationship between the bank and its corporate clients is emerging, due to the hyper-competition in the banking area and under the pressure of specific operational prudential regulations (as stated in Basel II recommendations).
On one side, there is a tendency to standardize the financial transactions of the corporate clients of the bank. On the other side, banks tend to increase prudential control in their relations with the corporate clients.
Requirement for establishing the corporate - bank connection
Banks wish to adapt their services and products to the customers need, but also to adequate their costs to the exposure in the bank - clients relationship. Corporate clients would have to demonstrate that the corporate management and the control of activities comply with the prudential regulations (as stated in Sarbanes – Oxley Document of 2002), to obtain best financing terms and best ROI.
The new business environment has a huge impact on the corporate clients – bank relationship, but offers also to all players the chance to establish a partnership that could differentiate them competitively in their specific industry. Both types of players will not only overcome the compliance tide but they also could thrive on this unique chance.
On one condition: they will have to use innovative financial products and services, adapted to the profile of each client and, in the same time, compliant to the standards and best practices.
We are talking here mainly about a specially innovative architecture named Member Administered Closed User Group (MACUG).
By MACUG, SWIFT is making possible a B2B environment which eliminates the risk related to transactions and participant’s authentication.
MACUG ensures security, integrity and non-refutability of transactions and highly automates transaction processing. Additional to these, the long term significant operation costs reduction must be mentioned.
Corporate clients particularly will benefit from measurable optimal bank services.
BIS strategy consists in presenting the corporate clients a project proposition to implement MACUG through a partnership (BIS, one of the banks that use BIS’ services and the corporate clients of this bank). |
BIS comes into this project with:
- The professional expertise of our business analysts and consultants, with a long-history of banking experience and trained and certified for multiple SWIFT components.
- The solution for building the virtual integrated environment of the banks’ back-office systems and the management procedures of processes and resources.
Possible features for the corporate
- Configurable automatic/manual payment initiation based on received invoices, with proper security
- Automatic reconciliation of the issued/received invoices, with bank’s advices /statements
- Real time liquidity reporting
- Liquidity management
- Early warnings, black lists, AML
Features for the bank
- New business proposal for the corporate
- Standardized communication (not limited to SWIFT), which can be easily used for other banking processes, early warnings, black lists, AML (compliance)
- Easier reconciliation, investigation, etc., based on this new electronic channel
- Based on info gathered during the transaction handling, qPayIntegrator Suite can facilitate intraday reporting
Bank requirements
 |
