Investment banking and wealth management firm Investec has teamed up with Indian technology provider SunTec to enhance its pricing and billing capabilities for its corporate clients.
Through the partnership, the UK-based bank has deployed SunTec’s flagship Xelerate platform. The initial adoption focuses on Investec’s payments and collections business line, where SunTec says its tech will enable Investec to automate its pricing and billing processes for business banking clients and boost the efficiency of collections and charge recovery.
SunTec adds that its pricing engine will also “support the introduction of tiered pricing structures, laying the groundwork for scalable and customer-centric growth”.
The Xelerate platform offers flexible deployment options, including on-premises, private cloud, and Software-as-a-Service (SaaS) models. Investec has chosen an on-premise implementation for this initial phase.
This partnership expands SunTec’s global client portfolio, which now exceeds 170 organisations across more than 50 countries in sectors including insurance, telecoms, travel, and financial services.
SunTec maintains operations throughout Australia, Canada, Germany, Singapore, India, the US, the UK, and the UAE, with notable financial institutions such as Danske Bank and Riyad Bank among its client base.
Source: https://www.fintechfutures.com/
