Santander's Cash Nexus Wins Global Finance Award, Processes €425 Billion
Santander's Cash Nexus platform, a decade old, has emerged as a leading global financial services solution, winning accolades such as the 'Best Payment Hub Solution' by Global Finance magazine. It now serves over 1,000 businesses worldwide, processing a staggering 425 billion euros in the past four years.
Launched by Santander Corporate & Investment Banking, Cash Nexus centralizes treasury management for multinational businesses, streamlining operations across multiple countries and currencies. The platform's key features include real-time liquidity management, international transactions, and a Global Transaction HUB for bulk payments.
Cash Nexus enhances traceability and reduces manual accounting tasks by cross-referencing deposits with related invoices or orders. It offers tailor-made support, customizable reports, and easy domestic and international payments. The platform is connected to various market standards like SWIFT and SAP Multibank, positioning Santander as a global financial services platform.
With a customer base growth of 85% in the past four years, Santander Cash Nexus has proven its value, processing over 425 billion euros. Its award-winning status and extensive features make it a go-to solution for businesses seeking efficient treasury management across borders.
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