British banking major Barclays has launched online banking hub iPortal to provide corporate clients to access all their banking services through a single gateway.
The new product will provide a snapshot of bank accounts and products and enables users to authorise payments, manage cash, trade services and loan facilities from a single log-in, the bank said in a statement.
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The iPortal uses a finger-vein reader created in partnership with Hitachi Europe, which scans the user’s finger blood flow to make payments as well as confirm transactions without the usage of PIN, passwords or authentication codes.
It will also offer customers consolidated ‘to do’ lists, real time alerts and notifications, and an overview of group balances, across diverse business divisions and activities in multiple countries.
In addition, iPortal will serve as a market intelligence tool, offering users the latest industry specific market research and insights, the bank added.
Barclays head of cash management Michael Mueller said: "Traditionally online banking systems have not always made life easy for businesses.
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By GlobalData"Corporate banking solutions that bridge existing products produce disparate, complex and outdated systems that require multiple logins on a variety of platforms, making banking a time-consuming and disjointed process. With iPortal, we are changing that."
