Accelerate End-to-End Payments Efficiency with More Accurate Data
Reduce failed payments while raising cross-border payments efficiency
More accurate and more up-to-date global payments data contributes to overall payments efficiency and customer experience. Betri Banki, a leading Denmark bank, processes hundreds of cross-border payments for customers across Europe on a daily basis. The bank is committed to delivering exceptional payments experiences that prioritize intuitive and seamless customer interactions. Betri Banki also focuses on optimizing internal resources and cost efficiencies across their payments operations. The bank selected LexisNexis® Bankers Almanac® Global Payments Resource to help maintain a competitive edge in the evolving payments landscape and keep pace with expanding operations.
Our case study explores how LexisNexis® Bankers Almanac Global Payments Resource enables Betri Banki to increase straight-through processing rates and improve overall productivity.
The online look-up tool directly connects Betri Banki to more accurate and more up-to-date global banking information including, check correspondent banking details, routing information, Standard Settlement Instructions (SSIs), SWIFT/BIC codes, IBANs and account numbers for other banking institutions. Bankers Almanac Global Payments Resource enables Betri Banki to maintain continuous access to more current payments data, backed by the expertise of our global team of data analysts working across 20 languages and holding direct relations with financial institutions worldwide. Easily integrating the online look-up tool into their payments workflow allows Betri Banki to reduce delays and failed payments while raising cross-border payments efficiency to a new level.
The case study illustrates three benefits Bankers Almanac Global Payments Resource provides to Betri Banki:
- Improves operational efficiency and saves time by eliminating the need to research payment information across multiple sources
- Works seamlessly within Betri Banki’s payments process to help promote streamlined cross-border payments experiences for end users
- Minimizes costs and delays resulting from failed payments by increasing straight-through processing rates
Enhancing their payments process with Bankers Almanac Global Payments Resource enables Betri Banki to increase daily productivity and capture greater cost synergies across payments operations. Find out how achieving higher rates of payments efficiency and precision helps Betri Bank deliver exceptional customer experiences. Explore this case study to learn more.
