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Bottomline Technologies Expands Global Scale
New financial messaging operation centre open in Asia
Bottomline Technologies announced that it is expanding its global footprint with a new financial messaging operation centre in Singapore.
“We are delighted to offer our existing and future customers in the region more functionality, more security, and more innovation shared across our global Financial Messaging platform,” said Nigel Savory, Managing Director, Global Business Solutions, Bottomline Technologies.
Bottomline will continue to help banks, financial institutions, and corporations to be competitive with its innovative cloud-based solutions. With the new centre, Bottomline is positioned to provide a uniquely secure set of core financial messaging capabilities in the Asia-Pacific region.
Bottomline offers businesses solutions to meet the challenges of mitigating risk, complying with regulations, reducing cost and improving visibility on financial transaction flows. It does this by providing its customers with a rich set of functionalities integrated into a single platform that can access multiple domestic and international financial networks and payments schemes. The platform also includes state-of-the-art risk and compliance capabilities such as sanctions screening, reconciliation, and anti-fraud behavioral analytics that match most of the recently published SWIFT CSP requirements.
“With new real-time payment initiatives and regulations along with business initiatives such as SWIFT GPI, Bottomline has an unrivalled position to help customers with an exceptional level of functionality, compliance, and security,” said Savory. “It is a strategic milestone for us to continue our global expansion with a new centre of excellence in this fast growing region.”
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According to ResearchAndMarkets’ recent forecasts, Chinese outbound travel is predicted to grow at a Compound Annual Growth Rate (CAGR) of 13.5%, increasing from $140B today to reach $386B by 2033. UnionPay International helps cardholders to easily make cross-border payments in 183 markets and its payment methods are particularly popular with travelers across Asia Pacific.
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