The solution will also provide web services-based foreign draft and check management.
By streamlining and further automating the wire process for Fifth Third’s relationship managers and over 1,000 banking centers, Fifth Third hope to be able to more efficiently execute wire transfers based on business best practices. The bank also expects to utilize the WebSeries to deploy a flexible and scalable platform capable of supporting both short- and long-term business objectives.
In a marketplace as competitive as banking, differentiation is often tied to the ability to execute core business processes swiftly and accurately, said Sheila Spradlin, director of international banking, Fifth Third bank. The flexibility and functionality that Bottomline Technologies’ WebSeries provides gives us new tools and capabilities, such as Web services, to ensure that we are in a position to stay a step ahead of the marketplace in delivering our products and services.
WebSeries aims to use client-defined business rules to automate and control payment processing in a secure and scalable environment. WebSeries can be deployed for electronic banking, investment funds management, and enterprise cash management.
