DBS Partners with ACI Worldwide to Deliver a First-of-its-kind Online Banking Platform to Corporate Practitioners
DBS' award-winning IDEAL TM 3.0 platform, powered by ACI online, mobile and trade banking solutions, processes 40 million transactions annually for Asian businesses
SINGAPORE & NAPLES, Fla.--(BUSINESS WIRE)-- ACI Worldwide (NAS: ACIW) , a leading international provider of payment and banking systems, today 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 IDEALTM 3.0 regional internet and mobile banking platform, a state-of-the-art 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, an award-winning regional corporate internet and mobile banking platform for innovation, 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 has a very diverse corporate client base in terms of size of business and geography - ranging from local-small and medium sized enterprises to Western-multinational corporates and large Asian businesses. We needed a flexible solution to allow us to cater to our clients' complex requirements and provide the necessary tools to manage their working capital," said Tom McCabe, Head of Global Transaction Services at DBS. "We partnered with ACI because of the flexibility of its platform to incorporate DBS' desired product features and the company's proven success in delivering an integrated experience across internet and mobile environments."
"DBS was able to integrate ACI's solution into our technical infrastructure across our key markets - greatly reducing operational costs. This integration also provided standardization of operational processes and delivered straight-through processing with no manual intervention, dramatically increasing our efficiency and reducing human error," added Dave Gledhill, Head of Group Technology and Operations at DBS.
"ACI's relationship with DBS is one of true collaboration and innovation. DBS shared unique insights into the needs of Asian corporates, which helped ACI to further optimize our online and mobile banking solution to best suit customer uses," said Paul Henaghan, Managing Director, Asia Pacific and Japan, ACI Worldwide. "We're proud to extend our relationship into new areas, including the support of DBS' EMEA and Americas expansion, as well as adding new features for corporates in Asia."
About ACI Worldwide
ACI Worldwide powers electronic payments and banking for more than 2,600 financial institutions, retailers and processors around the world. ACI software enables $12 trillion in payments each day, processing transactions for 16 of the leading global retailers, and 24 of the world's 25 largest banks. Through our integrated suite of software products and hosted services, we deliver a broad range of solutions for payments processing; card and merchant management; online banking; mobile, branch and voice banking; fraud detection; trade finance; and electronic bill presentment and payment. To learn more about ACI, please visit www.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide.
DBS - Living, Breathing Asia
DBS is a leading financial services group in Asia, with over 200 branches across 15 markets. Headquartered and listed in Singapore, DBS is a market leader in Singapore with over four million customers and also has a growing presence in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia. The bank's strong capital position, as well as "AA-" and "Aa1" credit ratings that are among the highest in the Asia-Pacific region, earned it Global Finance's "Safest Bank in Asia" accolade for four consecutive years, from 2009 to 2012.
DBS provides the full range of services in consumer, SME and corporate banking activities across Asia and the Middle East. As a bank born and bred in Asia, DBS also understands the intricacies of doing business in the region's most dynamic markets. This market insight and regional connectivity have helped to drive the bank's growth as it sets out to be the Asian bank of choice. The bank believes that building lasting relationships with its customers is an integral part of banking the Asian way.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 18,000 staff, representing over 30 nationalities. For more information, please visit www.dbs.com.
Courtney Cydylo, 781-370-3697
KEYWORDS: United States Asia Pacific North America Florida Singapore
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