ABN AMRO introduced internet banking for the large corporates market segment on a global scale in the Netherlands.
Through Access Online, companies can monitor (national and international) payments online, as well as handle all daily banking transactions, such as payments, letters of credit, currency transactions and soon also deposits and cash management.
The platform is available 24 hours a day, worldwide. It replaces the software that clients had to install on their computers. The application can be personalized: settings can be entered for each individual employee, defining which actions they are authorised to perform. And all users can customise their own start-up screens to access the information they need to do their jobs. This bypasses a great deal of manual work and saves time. Security is handled through an e-dentifier and a bank card.
Wietze Reehoorn, board member of ABN AMRO Netherlands, said, “As Access Online provides opportunities to lower costs and to improve margins, it gives companies a major competitive advantage. Especially large international corporations holding positions in different countries and in different currencies will benefit from its speed and ease of use.”
ABN AMRO expects about 5,000 (international) companies to be using the new enterprise-oriented internet platform within 18 months.