The new platform aims to transform the digital banking experience for corporate clients and manage their banking needs in a simpler, smarter and more personalized manner.
Customers will be able to manage a range of domestic and cross-border banking activities on UOB Infinity, which aims to streamline business banking by integrating features such as cash management and trade finance, as well as real-time payment receipt confirmation at the beneficiary bank and information on charges for the cross-border transaction, including those from the intermediary bank.
In addition, its app allows clients to make a wide range of payments – from local bill payments to making domestic and cross-border fund transfers – through services such as PayNow, FAST and telegraphic transfers.
The platform will be rolled out across the region, beginning with Singapore, the bank said in an announcement on Wednesday. Users of BIBPlus, the bank's existing business internet banking platform, can use Inifinity with the same credentials.
Personalized Design
The design of Inifinity, such as its customizable desktop, comes amid rising demand for personalized digital experiences and increased use of electronic payments for business transactions.
The result is «an experience that is intuitive for [corporate] clients and enables them to access the financial intelligence they need quickly and easily,» So Lay Hua, UOB head of group transaction banking, group wholesale banking, said.
