Embedding banking systems within the corporate customer’s ecosystem
Banks today are facing multiple pressure points due to open banking, the emergence of new entrants, and a changing customer profile. So they need to optimise their operations to counter the pressure on margins, and manage this change while embracing new technologies before their competitors do so.
They also need to find ways to leverage their strengths, in the form of the trust they have built with their existing corporate customers over the years, to protect themselves from this disruption.
For players in this vertical, one of the most effective ways to strengthen the relationship with their corporate customers is by embedding their technology services within the customer’s ecosystem, creating a more direct and permanent link.
One way to achieve this effectively is through technology, such as Trident Connect, which is focused on optimising the payment approval process by offering seamless integration between the customer’s internal systems and the bank.
Our solutions can enforce and facilitate approval workflows and compliance checks as well as significantly reduce integration pains with banks, removing the need for multiple fobs. A further significant benefit to the end client is the automated bookkeeping (transaction posting) into the organisation’s internal systems and a three-way bank reconciliation.
Trident Connect sits between the customer’s ERP or accounting system at one end, and your bank at the other, and provides your corporate customers with an intuitive tool that automates and enforces the payment approval process and compliance checks, and after that connects to the bank automatically to affect payment.
Following payment approval, there is automated bookkeeping into your customer’s internal systems and a three-way bank reconciliation.