All Use Cases

Streamlined remittance

Streamlined remittance
By leveraging account aggregation and multicurrency payment initiation services, reduce the cost of money transfers, simplify the customer experience (CX) and increase the speed of the remittance process.
#Payment initiation

Support diaspora of customers 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, analyse it via machine learning, initiate payment from other institutions, and eliminate inefficiency

Make transfers easy and customers happy

A conventional remittance transfer is a long process involving multiple intermediary steps. In addition, COVIS -19 pandemic, on one hand, has accelerated the financial digital transformation and on the other has put remittance flows under threat. The cost of an international transfer remains high with customers accruing high fees of transfers. By relying on SBS’s open banking platform the banks can enable their customers to make international transfers just at their fingertips – fast, digital & secure, therefore making the process cost-effective. By leveraging account aggregation and multicurrency payment initiation services, banks can reduce the cost of money transfers, simplify the customer experience (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 as well as real-time updates.
  • Increased efficiency

    Improve due diligence performance and regulatory compliance.

  • Expedite processes

    Create a better customer-experience by enabling easy cross-border money transfer.

  • Reduce risk

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

  • Increase conversions

    Provide enhanced digital KYC and make the customer onboarding seamless.

  • 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.

Customer references