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September 23, 2015

Barclays unifies corporate banking with iPortal

Barclays iPortal has been rolled out to corporate customers.

By CBR Staff Writer

Barclays has introduced iPortal, an online hub which is designed to allow businesses to access all their banking services through a single gateway.

iPortal’s interface can be customised by users to authorise payments and manage cash, trade services and loans.

The transactions can be carried out in a secure manner through a single secure login using the Barclays Biometric Reader.

Barclays created the Biometric Reader in partnership with Hitachi Europe, which scans the finger of the account holder and allows them to access their online bank accounts and authorise payments without the usage of PIN, passwords or authentication codes.

The system uses Hitachi’s Finger Vein Authentication Technology (VeinID) that scans the blood flow in a user’s finger to authenticate payment, a system, which the company claims, is more secure than fingerprint authentication.

Barclays iPortal alerts and notifies users about certain tasks that requires immediate action along with a consolidated ‘to do’ list.

It also shows an overview of group balances, across different business divisions and activities in multiple countries.

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iPortal also facilitates the sending and receiving of secure messages with Barclays relationship and support teams.

The system will also double as a market intelligence tool, which will provide insight on the latest market research and insights specific to users business and industry.

Barclays iPortal is designed specifically for corporate customers and it can be accessed through all major web browsers and mobile devices through the iPortal App.

Barclays head of cash management Michael Mueller said: "In recent years, banks have rolled out ever more personalised services, to meet consumer demands for ways of banking that fit around their lifestyle.

"But what’s to say the same idea can’t apply to business users? The development of iPortal is another major step towards our vision of the future of corporate banking; simplifying and personalising the experience to enable decision makers to spend more time focusing on the business of doing business."

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