DBS partners with ACI Worldwide to deliver online banking platform to corporate practitioners

ACIworldwide

Partnering DBS

ACI Worldwide an international provider of payment and banking systems has announced that it has partnered with DBS to deliver a first-of-its-kind online banking platform to corporates in Asia.

DBS selected ACI Universal Online Banker and ACI Global Trade Manager solutions to power its IDEAL 3.0 regional internet and mobile banking platform, a platform which provides corporate customers with a faster, simpler and smarter means of managing their cash and trade transactions – anywhere, anytime, from a single platform.

DBS IDEAL 3.0 is globally accessible and offers a robust suite of cash management and trade finance capabilities. The platform provides customers with a single login to access account statements and securely initiate transactions on a real-time basis. To date, IDEAL 3.0 serves over 162,000 corporate users in 104,000 institutions across Singapore, Hong Kong, China, India, Indonesia, Taiwan and the United Kingdom, and processes more than 40 million transactions annually. “The IDEAL 3.0 platform is a great example of an innovative corporate banking solution with very strong usability and breadth of offering,” says Marc Harrison, a consultant with Greenwich Associates. “DBS partnered with ACI to deliver a solution that is well suited to the needs of corporate and commercial clients.”

 “DBS was able to integrate ACI’s solution into our technical infrastructure across our key markets – greatly reducing operational costs. This integration also provided standardisation of operational processes and delivered straight-through processing with no manual intervention, dramatically increasing our efficiency and reducing human error,” adds Dave Gledhill, Head of Group Technology and Operations at DBS.

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