All Use Cases

Streamlined remittance

Streamlined remittance
By leveraging account aggregation and multicurrency payment initiation services, you can reduce the cost of money transfers, simplify #CX and increase remittance process velocity.
#Payment initiation

Support your customer diaspora with easy and cost-effective remittance transfers

With the SBS open banking platform, you can aggregate real-time transactional data from 3,400+ European banks, analyze it via #AI machine learning, initiate payment from other institutions, and enhance efficiency

Facilitate transfers, satisfy clients

A conventional remittance transfer is a long process involving multiple intermediary steps. In addition, the COVID -19 pandemic, has on the one hand accelerated the digital transformation of the finance sector and on the other has put remittance flows under threat. The cost of an international transfer remains high, with customers accruing high transfer fees. By relying on SBS’s open banking platform, banks can enable their customers to make international transfers at the click of a button – fast, digital & secure - making the process cost-effective. By leveraging account aggregation and multicurrency payment initiation services, banks can reduce the cost of money transfers, simplify #CX and increase the speed of the remittance process. At the same time, users can enjoy a comprehensive overview of their local and EU accounts, and receive personalized advice alongside real-time updates.
  • Increased efficiency

    Improve due diligence performance and regulatory compliance.

  • Expedite processes

    Make better-informed decisions with data aggregation from new and trusted sources.

  • Reduce risk

    Make better-informed decisions with data aggregation from new and trusted sources.

  • Increase conversions

    Provide enhanced digital KYC and perfect customer onboarding.

  • Reduce cost

    Lower your cost-to-income ratio with a ready-to-use solution pre-integrated with Tink.

  • Boost productivity

    Leverage automated analysis and assessment to make better decisions quickly.


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