In collaboration with RBC Capital
Markets' clients, RBC Clear™ reimagined
Cash Management to create a seamless experience that puts clients
in control of their working capital
NEW
YORK, April 16, 2024 /PRNewswire/ - RBC Capital
Markets today announced the launch of RBC Clear™, an
innovative Cash Management solution that
will deliver a
seamless cash management experience for Fortune
1000 corporations in the U.S.
The platform, which allows corporate treasurers to gain
traceability and transparency of transaction lifecycles in near
real time, offers several unique features, including:
- Seamless onboarding – Simplifies a traditionally
tedious process through the use of existing client
information and an onboarding tracker.
- Enhanced transparency in payments – Offers near
real-time status on payments.
- Proactive and customizable self-service – Provides
optionality on how clients want to be updated on transactions
through a digital-first solution.
- Enriched insights – Compiles and centralizes
actionable insights of data to ease day-to-day
management, reporting, etc.
"When we decided to explore building out a U.S. Cash
Management business, we knew the client perspective was key
in developing a solution that addressed
existing pain points in the market," said Derek Neldner, CEO
and group head, RBC Capital Markets. "Our client-first culture was
a significant tool in building RBC Clear™
and through more than 150 conversations, we've
developed a
first-of-its-kind Cash Management experience."
"RBC Clear™ is the next generation
of Cash Management platforms, which puts clients in
control of their working capital and leverages today's technology
to create a frictionless and unprecedented experience," said Kartik
Kaushik, head of RBC Clear™. "Our team has
worked diligently to reimagine
existing Cash Management experiences, removing
limitations like manual processes, physical paper
documents, and numerous handoffs. Through client
collaboration and innovative technology, we have created what we
believe will be the future of Cash Management."
"We leveraged our substantial multi-year investment in
next-generation delivery platforms to build this business," says
Bruce Ross, group head, Technology
& Operations, RBC. "With that foundation, we created a
cloud-native platform that combines the technological innovations
of a start-up with the safety and security of a trusted financial
institution."
To learn more about RBC Clear™, please visit
https://www.rbccm.com/en/expertise/rbcclear.
About RBC
Royal Bank of Canada is a
global financial institution with a purpose-driven, principles-led
approach to delivering leading performance. Our success comes from
the 94,000+ employees who leverage their imaginations and insights
to bring our vision, values and strategy to life so we can help our
clients thrive and communities prosper. As Canada's biggest bank and one of the largest
in the world, based on market capitalization, we have a diversified
business model with a focus on innovation and providing exceptional
experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn
more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
About RBC Capital
Markets
The most significant corporations, institutional investors,
asset managers, private equity firms, and governments around the
globe recognize RBC Capital Markets as an innovative, trusted
partner with an in-depth expertise in capital markets, banking, and
finance. We are well-established in the largest, most mature
capital markets across North
America, Europe, and the
Asia Pacific region, which
collectively encompasses 80% of the global investment banking fee
pool.
RBC Capital Markets is part of a leading provider of financial
services, Royal Bank of Canada
(RBC). Founded in 1864, RBC is one of the largest banks in the
world and the fifth largest in North
America, as measured by market capitalization. With a strong
capital base and consistent financial performance, RBC is among a
small group of highly rated global banks. Learn more
at rbccm.com.
® / ™ Trademark(s) of Royal Bank of
Canada. Royal Bank of Canada, © 2023.
Deposits are not FDIC insured.
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SOURCE RBC Capital Markets