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Virtual Banking - better control on your terms

Community Manager

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DEVELOPING TOMORROW’S BANK: Linn Agdestein, manager for Short Assets and Anders Grevstad, Director for Category and ransaction banking at DNB. Foto: Stig B. Fiksdal

 

In 2018 you will get access to financial services in a completely different way; DNB’s Virtual Banking will give you the ability to consolidate financial data with the banks’ financial services with flexible, self-administered connectivity. The solution will contribute to improved insight and consequently increased financial control. 

 

– We need have a new rather than traditional approach to meeting our customers’ needs. Technology has given us considerable opportunity, and up and coming technologies such as Artificial Intelligence, Internet of Things and cloud, to name just a few, effects the everyday way of doing business. As a bank we recognise this, and we want to give our customers more control via more open and transparent solutions. Our customers are greatest partners, and together we can develop tomorrow’s bank, says Anders Grevstad, Director for Category and Transaction banking at DNB.

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(Picture: A possible layout of a liquidity and forecast view)

 

– On occasion the banks can quite simply be a delaying element, especially when the customer knows what they require and how they want to tackle the situation. It is therefore paramount that we can offer solutions that are simple to use, and at the same time so flexible that they can be adapted to different needs – from simple to more complex. We will achieve this when we launch Virtual Banking, says Grevstad.

 

Virtual Accounts give a large degree of flexibility

Virtual Banking builds upon virtual accounts, which gives customers a completely different level of flexibility and self-administration. Customers have a wider range of reporting choices, improved liquidity forecasting and access to in-house banking. In addition, the virtual accounts can be affectively used as a means to centralise company workflows.

 

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(Picture: Virtual banking will give you better control and forecasting)

 

– Companies must have a full overview of their balances; where the financial resources are, in which currency, and not least how available they are? These are important questions that a company must continuously have the answers to. There is an additional necessity for reliable forecasting for optimal liquidity control. Good company management is perhaps more important than anything, and by using virtual banking the customer will be in the driving seat, set the terms, and can, in other words be ‘their own bank’, says Linn Agdestein, manager for Short Assets at DNB and project owner of DNB Virtual Banking.

 

– Virtual Banking is currently under development, and the first version will be available for selected customers during 2018. The solution will be successively developed over a period so that an increasing number of our customers will have access. This is one of our most important focus areas for the time being, and we look forward to offering our customers this future focused solution, says Agdestein.

 

If you have any questions or something you want to share, leave us a comment.