Belfius Transaction Banking Solutions for Businesses

Belfius Transaction Banking Solutions for Businesses offer a range of services designed to help companies manage their financial transactions efficiently.

These solutions include cash management, trade finance, and securities services, all of which are tailored to meet the specific needs of businesses.

Belfius' cash management solutions allow businesses to manage their cash flows more effectively, with features such as real-time account balances and payment tracking.

By using Belfius' trade finance solutions, businesses can access financing for international trade and reduce the risk of non-payment.

Belfius' securities services provide a secure and efficient way for businesses to buy and sell securities, such as stocks and bonds.

Belfius has built its expertise as a cash management bank, which makes it skilled in knowing its customers and proactively offering the right services for their business needs.

The bank's corporate banking customers are assigned a core relationship manager and a personal servicing officer for daily transactions, as well as experts representing Belfius's full range of transaction banking services.

Each corporate customer has one team of many experts serving their unique transaction needs, and customer success relies on Belfius's expertise, which has been invested in through staff training to ensure they're certified advisors in their specialist areas.

Belfius is innovating for evolving market demand and regulatory changes, developing secure instant payments for corporate banking, and creating a Belfius API to seamlessly integrate its digital dashboard into third-party tools, speeding up customer payments and other transactions.

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Belfius is innovating for evolving market demand and regulatory changes in transaction banking. The bank is developing secure instant payments for corporate banking, as instant payments will soon be mandatory in the European Union.

With the rise of digital banking, Belfius is creating a Belfius API to seamlessly integrate its digital dashboard into third-party tools. This will speed up customer payments and other transactions.

As the importance of Environmental, Social, and Governance (ESG) considerations grows, trade finance can play a key role in helping customers transition to sustainable business practices. Belfius can encourage customers to shift from unsustainable commodities, such as coal and oil, towards more green solutions by offering credits and attractive price incentives.

Trade finance risk management is crucial in today's market, where geopolitical tensions and economic challenges are on the rise.

Increased risk controls are necessary to avoid missing a single hit, as Belfius's risk expert Vierendeels emphasizes.

The bank's customer-centric approach is a competitive advantage in managing risk and cost.

Belfius gains better insight into customers, allowing for proactive control of potential risks such as anti-money laundering and fraud.

Managing risk appetite is key, and Belfius aligns with Belgian customers to reduce risk exposure for both parties.

The bank focuses on trade finance countries with significant import and export flows, but is more cautious towards countries with high risk profiles.

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Each Belfius Bank branch has a unique SWIFT code.

You can check the correct SWIFT codes for your Belfius Bank branch online.

Using the wrong SWIFT code can cause delays or even cancel your international transfer.

If you're unsure about the branch code, you can use the 8 character head office SWIFT code instead, and your payment will still reach your account.

Belfius puts the customer at the heart of its design innovation, building digital dashboards that are easy to use and tailored to real business needs.

Simplicity is the goal, as increasing efficiency improves customer satisfaction. Belfius creates its own apps and allows customers to develop unique customizations.

The bank limits third-party apps to services customers actually need, streamlining the customer experience. This includes an EFX solution with real-time quotes for FX transactions and currency conversions.

Belfius also offers a third-party API for cash forecasting that is added to a customer-predefined cash forecasting dashboard. This is just one example of how the bank is constantly innovating to meet customer needs.

Every transaction or customer touch point is a trigger for innovations and improvements at Belfius. Customers are the reason the bank exists, and customer satisfaction is its one and only KPI.

Belfius offers two digital trade finance tools for guarantees and LCs: BE-Trade and Smarty 4 Trade. BE-Trade is for experienced trade finance customers, while Smarty 4 Trade simplifies the process for those without trade finance experience.

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Belfius has a flexible and reliable access control system, AEOS, which was chosen after a detailed market consultation with over 10 manufacturers. This system was implemented gradually to minimize downtime and ensure business continuity.

The bank's expertise in the public sector has been leveraged to expand its corporate cash management services, making it a leader in cash management for the public sector in Belgium. Belfius has a cash pooling solution that's considered one of the best in the country.

Belfius assigns a core relationship manager and a personal servicing officer to each corporate banking customer for daily transactions and expert advice. This team of experts is dedicated to serving the unique transaction needs of each customer.

Belfius Bank has a unique SWIFT code for each branch.

Using the wrong SWIFT code can cause delays or issues with international transfers.

You can check the correct SWIFT codes for your Belfius Bank branch online.

If you're unsure or can't find the branch code, you can use the 8 character head office SWIFT code instead.

Traditional banks can be slow and expensive for international money transfers.

Belfius chose the AEOS access control system after consulting with over 10 manufacturers, finding it met all their requirements at a competitive price.

The AEOS system's flexibility allowed Belfius to implement it gradually, ensuring no system downtime or disruption to business continuity.

This flexibility is a significant advantage, especially for businesses like Belfius that need to maintain operations without interruptions.

By implementing the system in a phased manner, Belfius was able to minimize disruptions and ensure a smooth transition.

The AEOS system's reliability and flexibility made it an attractive choice for Belfius, and it's clear that it was the right decision for their needs.

Belfius, the bank and insurance company, got a new name on March 1, 2012. This new name is a combination of the country's name, Belgium, and the word "finances" and "us".

The name "Belfius" is derived from the "Bel" in "Belgium", the "fi" in "finances", and the English pronoun "us". This clever combination reflects the bank's focus on serving the people of Belgium.

Belfius is a financial services company that was established in 1996.

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