Payment and banking system provider ACI Worldwide announced on Tuesday a partnership with DBS to deliver the IDEAL 3.0 regional internet and mobile banking platform to corporate customers in Asia.
“ACI’s relationship with DBS is one of true collaboration and innovation,” Paul Henaghan, the managing director for ACI’s Asia Pacific and Japan division, said. “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. 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.”
DBS’ IDEAL allows corporate customers to access account statements and initiate secure transactions from virtually anywhere. The platform currently serves more than 160,000 corporate customers in Singapore, Hong Kong, China, India, Indonesia, Taiwan and the U.K.
“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,” Tom McCabe, the head of global transaction services at DBS, said. “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. 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.”