NatWest builds upon their API suite to connect customers’ treasury operations

This launch adds to the Indirect Access Payments suite of APIs (Application Programming Interface) which are widely used by NatWest Agency Banks and Indirect Payment Service Providers to process secure bank-grade and non-bank-grade domestic payments, worth billions in value, quickly and easily, plus get real-time status information on those payments. 

For commercial and corporate treasury teams, NatWest is supporting the increasing demand for real-time payments and processing with the addition of three new APIs in the bank’s host-to-host solution, Bankline Direct, complementing those already available for financial institution customers.  

Bankline Direct integrates with customers’ Treasury Management Systems (TMS) or Enterprise Resource Systems (ERP) and is used for payments and reconciliation activities.

The power of NatWest Bankline Direct APIs lies in their ability to directly connect the bank with different systems allowing for the secure transmission and processing of payment data in real or near-real time. The APIs use industry-standard security and ISO20022 formats allowing customers to make secure payments.

“Our newest APIs use the latest technologies to support our customers’ needs. The result is a seamless and secure transition to real-time payments in the digital, always-on economy,” said Jonathan Hall, Head of Digital at NatWest. “As we continue to innovate, our API products will allow our customers to improve their interaction with us and receive essential data more quickly.”

The three new APIs developed for corporate and commercial customers in direct response to customer feedback include:

  • Make a payment: customers can directly initiate CHAPS, Faster Payments and international transfers and receive near real time payment status notifications
  • Account reconciliation: pull and schedule reports to enable treasury teams to directly access information and optimise the power of their data
  • Autopay Direct Bacs API: launch of a new product, aimed at large corporate customers to allow for Bacs payments to be submitted unattended

“We’re providing customers with building blocks to integrate their in-house accounting systems with the bank without the technical complexities” said Matthew Bausor, Head of Direct Channels – Digital at NatWest. “They can transact instantly and get up-to-the-minute account information without leaving their enterprise systems.”

“We are excited to offer Corporates our enhanced API, making treasury management truly real-time” said James Waud, Head of Banks & Transaction Services.

Eligibility criteria and fees apply.

The information provided in this article has been prepared by National Westminster Bank Plc (NatWest) for information purposes only and is subject to change from time to time. The information and views expressed should not be treated as advice or a recommendation of any kind. NatWest makes no representation, warranty, undertaking or assurance of any kind (express or implied) with respect to the adequacy, accuracy, completeness, or reasonableness of the information provided and disclaims all liability for any use you, your affiliates, connected companies, employees, or your advisers make of it. NatWest accepts no liability whatsoever for any direct, indirect, or consequential losses (in contract, tort or otherwise) arising from the use of this material or reliance on the information contained herein. However, this shall not restrict, exclude, or limit any duty or liability to any person under any applicable laws or regulations of any jurisdiction which may not be lawfully disclaimed.

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