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Santander Bank Introduces New Digital Banking Solution for Commercial Banking

October 21, 2022, 07:12 AM
Filed Under: Industry News

Santander Bank, N.A. is introducing Treasury Fusion, its latest digital solution for Commercial Banking clients that integrates banking information directly to companies’ enterprise resource planning (ERP) software systems. Treasury Fusion streamlines clients’ day-to-day account reconciliation, including frequent updates of balances and transaction activity.

Continuing Santander Bank’s efforts to develop flexible solutions based on the needs of customers and emerging technologies, Treasury Fusion allows clients to have their Santander account information flow directly to their ERP systems. This eliminates the multiple-step process of logging into an online banking portal and manually transferring account data. Treasury Fusion’s automatic balance and transaction updates provide a seamless and hands-off account reconcilement experience for businesses.

“We know that our commercial clients are busy, and the simplicity of Treasury Fusion gives them more time to focus on growing their businesses,” said Ken Deveaux, Head of Transaction Banking. “With Treasury Fusion, we can meet our clients’ banking needs from where they operate daily, making the process of retrieving their bank data and applying it to their financial systems more convenient.”

The offering is designed to provide businesses with an accurate and comprehensive view of their cash position and transaction activity, and to give them control over their financial data in a secure environment. Current Santander clients can reach out directly to their cash management team for additional information on Treasury Fusion. Potential customers and other interested parties can reach out to Santander Transaction Banking at directly for more information on Treasury Fusion.

The release of Treasury Fusion is the latest in a line of digital banking solutions Santander has introduced to meet the needs of an increasingly technology-dependent world. The Bank recently launched Santander eLockBox, an electronic lockbox that works to consolidate incoming digital payments and simplify electronic receivables management for businesses. Prior to that, Santander collaborated with Revenue Management Solutions (RMS), a healthcare remittance provider, to offer an end-to-end receivables lockbox product for healthcare clients.

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