Dutch group Rabobank has chosen the global payment services hub of fintech firm Finastra to centralise cross-border payments in order to better respond to industry changes.

Finastra, the company recently formed through the merger of fintech firms Misys and D+H, said that its payment hub will allow the Dutch lender to consolidate legacy payment operations, and curb operating costs.

The solution, according to Finastra, has been designed to serve most of the out-of-the-box requireemnts of the bank with minimal customisation.

Rabobank head of channel support and payment engine Heimen Schuring said: “After careful consideration and analysis, Rabobank found the global payment services hub to be able to meet our cross-border payments requirements right away. We look forward to replacing legacy systems with a single solution that not only meets our current needs, but can also expand to satisfy future demand.”

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