Electronic connections with corporate customers determine much of a bank’s competitive differentiation and cost structure. But many banks are held back by outdated file transfer systems, which make it difficult to reliably connect to clients and rapidly deliver new services. Learn how using a managed file transfer platform can help banks simplify data transfers, lower costs, and deliver compelling services to customers.
since the 1970s to setup electronic transmissions between banks and third parties. As the numbers and types of connections grew, the costs to translate, onboard and maintain point-to-point connections grew. In addition to costs, another drawback is lack of a centralized management process to roll up views of status and transaction performance. While many banks have shifted away from point-to-point connections, deploying gateways along with Internet-based transactions, point-to-point connections often