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Business Challenges
The Bank's Liquidity department, dedicated to growing float, faced challenges in scaling its business efficiently while managing costs and reducing risks. They also needed to address customer-specific complexities and adapt to unpredictable volume increases, making automation essential for maintaining performance and reliability.
Engagement with finhub.ai
The Bank was particularly drawn to finhub.ai platform's ability to handle complex operations, such as waterfall transactions, a standout feature. Automated integration with their core banking system enabled seamless operations and effective budget tracking. After evaluating their internal efforts against finhub.ai, they recognised the value and cost efficiency of our expertise.
Solution Implementation
DataNimbus deployed finhub.ai Trust, a comprehensive escrow automation solution, to address the bank's operational challenges. finhub.ai, featuring an API-first architecture, automated all payment journeys in digital banking for e-commerce and escrow payouts.
The implementation process was thorough and collaborative. The Bank managed project execution and supported integration, while finhub.ai handled deployment, test support, production cutover, and training. All capabilities were delivered within a single quarter.
Value Creation
• Increased revenue through float and fee
• Accelerated speed-to-market
• Grew liabilities balance
• Established a new revenue stream Payouts-as-a-Service (PaaS)
• Enhanced ability to offer customized solutions
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