START-UP & INNOVATION/CLIENT CASE
B2 Group’s “Multi-Bank Integrator” financial messaging platform, a solution “Powered by EBRC” The B2 Multi-Bank Integrator has been developed to smooth exchanges between international business players and their banks. Since 2009, B2 Group’s founders, Phil Boland, CEO and Marc Bink, CTO, have brought their expertise to bear on the traditionally heavy and expensive connectivity solutions that are at the heart of banking integration systems. Thus the Multi-Bank platform facilitates payments, securities, and FX transaction and reporting automation for banks, insurers, third-party fund administrators, and corporates.
The cash and securities management “Holy Grail” Accurate, real-time data about cash and securities positions, as payments and trades are made is the “Holy Grail” for corporate treasurers, asset managers and insurers managing their own or their clients’ cash and securities. This is a rather complex task when managing hundreds of accounts with dozens of transaction and depository banks around the world. Moreover, these payments and reporting processes must be fully secure and reliable. B2’s Multi-Bank Integrator delivers the solution, via a secure, robust, easy to install, easy-to-use, one-stop-shop platform for automated payments, securities trades and statement processing. This STP automated payment processing system gives real-time on-screen visibility of payments and bank statements across all subsidiaries. Users can view positions in a variety of ways (e.g. by bank, account, subsidiary, or territory), including tools to keep manage complex operations such as cash pooling. Multi-Bank Integrator plugs into existing systems, such as ERP, Life or TMS platforms, to provide a secure interface with clients’ and partners’ networks. There
is a complete audit trail, and regulatory reporting is streamlined. Valuable realtime alerts may also be generated, to remind users of issues such as failed payments or statements not arriving on time. Multi-Bank is an adaptation of B2’s proven GTS banking integration platform. Clients can either host the Multi-Bank software on their own servers or choose a SaaS cloud solution. In either case, substantial processing is provided by B2 using EBRC’s services, particularly the standardisation and consolidation of data coming from the various correspondent banks.
Phil Boland, CEO, B2 Group
B2 Group chose EBRC as their trusted IT partner to host their solution and software-as-a-service (SaaS) applications. They know they can rely on EBRC expertise and services to focus on their core business. “We work in genuine partnership with EBRC’s expert teams, sharing and exploring together the business requirements of our clients, says Phil Boland. This symbiotic relationship is central to the early success of our solution.”
Designed for international business There has been significant interest from across the Luxembourg financial sector, and players in the cross-border
19
