Santander adopts The B2 Group’s Multi-Bank Integrator automated banking platform for Supply Chain Finance


London & Luxembourg, 14th December 2017The B2 Group, the provider of cloud-based payments software and consultancy solutions, announced today that Santander UK have chosen its Multi-Bank Integrator platform to further enhance their supply chain finance solution for major corporate clients.

Multi-Bank, a 5th generation platform based on two decades of experience and launched at the start of 2016, enables corporates to automatically connect with their banks for processing of payments and statements, providing a single point of access and cash management portal. The fully managed Multi-Bank service already boasts an ever-growing global clientele of subscriber institutions, including major banks, multi-national corporates and insurers, as well as a rapidly expanding community of partner banks connected to the platform. Outgoing payments and incoming statements are processed automatically via secure links with the banks to deliver fast and tangible benefits, including; automation of incoming statements, “smart” reconciliation of credit and debit payments, real-time enterprise-wide cash visibility, automation of complex business processes such as supply-chain finance, cash pooling and sweeping, and controlled automation of outgoing accounts payable, payroll and treasury payments via a real-time portal. Multi-Bank also fully integrates with most ERP and TMS platforms, to provide true end-to-end processing, with associated cost savings through reduced back-office headcount.

Alex Farrugia, Head of Supply Chain Finance UK at Santander comments, “Combining The Multi-Bank platform with our own enables us to provide more flexible end-to-end supply chain finance solutions to our clients, with minimal change to those clients’ own systems or processes. The B2 team’s expertise and the capability of the Multi-Bank platform also means that we can deliver with minimal lead-time, which for Santander is crucial to the service we offer our clients.”

The solution is live and in use with one of Santander’s key clients and there are plans to roll out a number of other household-name corporates across the B2 platform in the New Year.

Phil Boland, CEO, The B2 Group commented, “We are delighted that Santander chose Multi-Bank to support its supply chain finance solution, and look forward to assisting the bank with further automation across our platform in 2018. The smooth and timely “text book” roll-out of the solution into production is testimony to the effective collaboration between the B2 and Santander teams.”

For all enquiries or queries about B2 and Multi-Bank, please contact The B2 Group.


About The B2 Group
The B2 Group provides payments, funds and FX automation and integration STP software and consultancy solutions to banks, corporates, insurers and fund administrators across the world, especially in Europe, the Middle East and Africa. Whether it be for a corporate treasurer seeking to streamline banking integration and cash visibility, a transaction bank wishing to on-board clients more efficiently, an insurer needing to automate bank and asset manager integration or a fund administrator connecting to distribution platforms, B2 Group is a trusted provider, delivering robust technology to meet today’s business challenges. Our flexible and highly secure solutions are available to run on-site or as a fully hosted cloud-based service, and come with our philosophy of ‘total support’, a combination of world-class software, subject-matter expertise and two decades of experience helping our clients reduce costs and increase revenue. For further information, please visit www.theb2group.net

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