Natixis has already offered clients instant payment since 2018, with payment issued or received in just 10 seconds, and the company is now launching instant payment via API*.
This new connection set-up embeds instant payment in the heart of the company’s business process and streamlines the customer experience in a secure environment, as instant payment can now be issued directly from a TMS (Treasury Management System) or from a business application.
Software vendor DataLog Finance is the first vendor to have developed a connection embedded in the Natixis Instant Payment API, thereby improving the instant payment experience for their shared clients.
Anne Cécile Delas, Global Head of Trade & Treasury Solutions at Natixis’ Corporate & Investment Banking states: “Connectivity is a major challenge for our clients who have a strong interest in instant payment. The API fully addresses this issue and is a key component of our open banking strategy”.
Imad Ben Mariem, Chairman of Datalog Finance, notes “Datalog Finance can now offer a real integrated instant payment experience for users on the back of Natixis’ Instant Payment API. This first partnership with a bank enables us to fully address our clients’ need for instant service and flexibility as we meet various use cases.”
* API: Application Programming Interface
* Open banking: technology that creates bridges between various banking service sector participants’ IT systems