Santander Expands Award-Winning Cash Nexus Platform
Santander has announced the expansion of its award-winning treasury management platform, Cash Nexus. This platform streamlines multinational businesses' cash management, offering real-time insights and simplified payments across multiple countries and currencies.
Launched a decade ago by Santander Corporate & Investment Banking, Cash Nexus now serves over 1,000 businesses. It provides a centralised hub for payments and account information, offering real-time balances, customised reports, and easy domestic and international payments.
The platform's Global Transaction HUB facilitates bulk payments, while the Nexus Global Collections system enhances traceability. A dedicated team offers real-time liquidity management and international transaction support, reducing complexity for users.
Cash Nexus has been recognised with numerous awards, including 'Best Payment Hub Solution' by Global Finance magazine. Over the past four years, its customer base has grown by 85%, processing over 425 billion euros.
Cash Nexus, now a strategic partner for businesses' future financial needs, covers Santander's core markets. With its real-time insights, simplified payments, and award-winning features, the platform continues to attract multinational businesses, solidifying Santander's position in corporate banking.
