CIH Bank: Goes live on Finastra corporate banking solutions

  • According to Finastra the bank aims to digitise its end-to-end corporate banking services
  • It claims the new platforms will automate CIH Bank’s trade and supply chain services
  • Founded in 1920 CIH Bank initially focuses on finance real estate, before adding products for retail and corporate banking
  • The lender has a balance sheet of around $8 billion. It reported a net income of $46 million in 2019
  • By digitalising corporate services making sure that these customers are receiving the best service possible
  • CIH Bank worked with the Finastra Services team to remotely implement the software using the vendor’s Fusion Adopt programme
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Monzo’s Savings Challenge: Addressing Customer Retention Gaps

How Monzo is tackling retention issues in their savings products.Highlights: Monzo launches a new savings challenge to enhance...

Abound Ventures into Mortgage Market with Ahauz Acquisition

A strategic move aimed at enhancing digital mortgage solutions.Highlights: Abound acquires Ahauz to enhance its mortgage offerings.The acquisition...

Visa Partners with BVNK for Stablecoin Payment Solutions

Exploring Visa's innovative step into the realm of stablecoin transactions.Highlights: Visa collaborates with BVNK to enable stablecoin payments.New...

Payments Association Urges Bank of England to Accelerate Stablecoin Development

Concerns grow over the regulatory hurdles facing stablecoin innovation.Highlights: Payments Association calls for regulatory clarity on stablecoins.Bank of...