U.S. Dataworks announced that over 85 financial institutions, with assets ranging between $500 million and $20 billion, have migrated to its Clearingworks® – Integrated Receivables 2.0 platform. This new technology expands the relationships between banks and their business customers, by simplifying the complexity of receivables processing.
“Clearingworks has been an integral part of our correspondent banking solution for 8 years,” said Mark Keeling, EVP and COO of The Bankers Bank. “We are extremely excited to have U.S. Dataworks as part of our holding company. Many of our respondent banks have requested an integrated receivables solution for their business customers, and we look forward to introducing our banks to U.S. Dataworks’ innovative service suite in the near future.”
Banks that are serious about offering a complete cash/treasury management service must have a robust integrated receivables solution for their business customers. U.S. Dataworks has developed the most complete, intelligent integrated receivables solution available. Key differentiators of Clearingworks include:
Secure cloud-based deployment for ease of implementation and audit controls;
Intelligent LearningTM consistently improves straight through processing (completed payments with no manual intervention), significantly reducing manual effort;
Simplified adoption of new payment methods, including real-time payments.
With fintech’s aggressive advance into traditional banking business, there is an urgency for banks to make their treasury service offerings more complete. U.S. Dataworks is ready to assist financial institutions in deploying a mission-critical service that today’s business customers see as a “must have.” To learn more about making this key financial technology available to your bank’s business customers, call Kathy Harkey at 770-331-3086 or email to email@example.com.