The new digital platform of the British multinational bank is part of a wider move to boost its corporate banking operations in the region.
The new platform is a result of a long-term project conducted by Barclays’ international corporate and institutional clients in Portugal, Spain, France and Ireland. The new solution is to serve multinational clients an easy-to-use digital banking service and payment capabilities in Europe, explained in a press release.
The purpose of the project was to deliver clients flexibility to structure their banking activities from the preferred location. Offering cross functional digital channels in cash management, trade and working capital and information services.
“We’re a transatlantic bank, so complementing our strength in the UK and US with a comprehensive European proposition allows us to meet the needs of our global clients more effectively. Many of the companies we work with have a presence in several European countries, which is why making sure the new platform is standardized across the continent is so important. It’s already making banking simpler for many of our clients, and this ease of use will grow further as we integrate more countries.”, states David Farrow, Head of International Corporate Banking at Barclays, in a press release.