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Sage has unveiled a new partnership with Satago , a cashmanagement and finance program for small firms and accounting professionals, according to an announcement. Cobase works in cloud-based corporate multi-banking solutions while Ebury is backed by Santander Bank and works in cross-border tech and financial management.
The most obvious is foreignexchange, the cost to sell and buy another currency. Regarding payment operations, while banks will still continue to manage their local payment rails, using its technology can lead to a reduction in required staff traditionally needed for trade failures, leading to a 48 percent reduction in this area.
In wealth management, the bank has expanded its franchise through its stake in a Swiss asset manager, and has initiated expansion to markets in Bahrain, Palestine, Qatar, and the UAE. Improved features include greater cashmanagement functionality. NBK upgraded its corporate online banking platform for commercial clients.
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