TeamSystem and CBI join forces to strengthen Corporate Open Banking

Corporate Open Banking is now an integrated reality in the business processes of companies and professional firms, thanks to the collaboration between TeamSystem and CBI. To confirm this, on the TeamSystem Pay platform, based on the CBI Globe “Active Functionality” service, an increase in transactions of 50% was recorded only between the first and second half of 2022, with an average growth from month to month. of 13%.

In fact, thanks to the services offered through TS Pay, the digital platform for access to TeamSystem Payments – Payment Institute authorized by the Bank of Italy – professionals and companies have been able to fully seize the opportunities offered by the PSD2 directive, making their processes for collection , payment and access to accounts easier, faster and more secure, directly through individual management systems, in a completely innovative way.

TS Pay, integrated with the full range of TeamSystems software and interoperable with third-party solutions, exploits the full potential of CBI’s “CBI Globe” technological platform to practically reach all intermediaries active in Italy and the main European players. The synergy between TeamSystem and CBI, whose partnership has been renewed for another five years, has made it possible to enable the full potential of Open Banking, so that digital payments can be made available and aggregated bank accounts can be displayed in a single dashboard, in a way that is perfectly integrated with the group’s management systems.

The ability to access these services in an immediate and complexity-free way has made them real business and competitive enablers for businesses and professional firms of all kinds, which in the last year have been able to arrange transfers worth 65 million euros through TeamSystem Pay and automatically reconcile the movements of over 32,000 connected business accounts every day.

Today, over 35,000 corporate customers use the TS Pay platform, which in 2022 ranks 1st among third-party providers (TPPs) operating in Europe in the Open Banking sector specializing in corporate customers as well as in leaderboards in TPPs in banking and not – the banking sector for the number of “AIS calls” with information functions.

Ivano Luison, Business Manager for TeamSystem Payments, commented: “Today, TeamSystem is able to make reconciliation of accounts and payment of passive invoices directly from the management systems immediate and easy, guaranteeing companies and professionals a unique experience of efficient management of their internal processes. We have brought together TeamSystem’s management experience and CBI’s specific expertise to make the use of Open Banking straight forward, natural and frictionless.”

Pilar Fragalà, Chief Commercial Officer of CBI, added: “The partnership with TeamSystem is a clear example of how the challenge of this new competitive arena can be turned into a successful business, combining different data sets and harnessing the innovative technological drive for the development of value-added products and services, adapted to each customer’s needs. CBI has always been at on the side of payment service providers and fintechs to strengthen their offering through innovative ways. We remain a leader even in the current open financial market”.