|
| Wednesday, 2 June 2021, 19:00 HKT/SGT | |
| |  | |
Source: Delega | |
|
|
|
ZUG, SWITZERLAND, June 2, 2021 - (ACN Newswire) - Delega is excited to announce the successful completion of a POC together with Deutsche Bank, Barclays and 8 multinational corporations including Salesforce, Siemens and the International Air Transport Association (IATA).
This POC proved that the digital signatory management workflows jointly co-designed by the POC participants and executed using Delega's technology represented a significant efficiency gain over the current tools and processes available in the market today.
The Delega tool leverages cutting-edge technologies to help organisations manage signatory rights on a fully digital and integrated basis. The challenges that treasurers and their teams face when managing signatory rights across multiple banks are well-known across the industry. Yet in the digital age, managing signatories is essential when it comes to enabling users to interact with banks. The goal has been to transform what is typically a time-consuming process requiring extensive supporting documentation and manual work. It is also further complicated by the fact that different banks have specific sets of rules and procedures.
During the POC, corporate banking clients benefited from higher transparency and a clear view of the supporting documents each participating bank required, and the digitalization of the exchange of the documents therefore enforcing "first time right" approach in the process. This strengthened the use case of a multi-bank solution that enabled corporate participants to follow a single workflow process in compliance with differing regulatory and policy requirements of individual banks. The POC also proved, using the Delega tool, that both banks and their corporate customers had exactly the same view of which signatories held which authority levels in real time, removing the need for extensive interaction and communication that is normally needed by large multinationals during an audit to prove "who can sign for what, with which bank".
Eliminating inefficient processes is fundamental to the progression of financial services and technologies. It is the driving force behind recent innovations to alleviate the strain organisations are currently experiencing to meet increased and varied demands.
Deutsche Bank, Barclays and Delega are striving to foster and champion further innovation in the banking industry.
About Delega
Digitalising the signatory management process brings value for both banks and corporations. Delega works to generate value for all parties that are involved, aiming to transform how we approach outdated and inefficient ways of working. Using Delega, companies can store and manage a central list of current signatories. This can be shared with chosen banks, ensuring an up-to-date record of signatory information. As per its offering, the Delega team offer a unique and progressive insight across the industry. Combined they offer a deep understanding of corporate banking, treasury, technology, corporate law and project management.
Media Contact:
Company: Delega
Contact: Rob Lunn, Head of Banking Relationships
E-mail: info@delegabanks.com
Website: https://delega-banks.com/contact.html
LinkedIn: https://www.linkedin.com/company/delega-banks/
Alternatively, please reach out to our core team as per the website details
SOURCE: Delega
Topic: Press release summary
Source: Delega
Sectors: Enterprise IT, CyberSecurity, Blockchain Technology, Banking & Insurance, Legal & Compliance
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
The Capital Architect Behind the Gala Robots: Shoucheng Holdings (0697.HK) Enters a Milestone Year of Value Re-rating
Feb 20, 2026 21:26 HKT/SGT
|
|
|
Graphene Manufacturing Group and Tickford Racing Unite to Push Performance Efficiency On and Off the Track
Feb 20, 2026 20:59 HKT/SGT
|
|
|
Full Convertible Bond Conversion Removes Overhang and Signals Valuation Reassessment for Shoucheng Holdings
Feb 20, 2026 19:32 HKT/SGT
|
|
|
Investee Companies Take the National Stage: Shoucheng Holdings' 'Capital+Scenario+Industry Chain' Strategy Validated, Entering the Value Realization Phase
Feb 20, 2026 19:06 HKT/SGT
|
|
|
Hong Kong designer labels shine at London Fashion Week
Feb 20, 2026 17:04 HKT/SGT
|
|
|
Spritzer EcoPark Champions Inclusive Experiences in Nature Through Meaningful Community Engagement
Friday, February 20, 2026 3:37:00 PM
|
|
|
Shoucheng Holdings Draws Focus After Portfolio Companies Appear in Spring Festival Gala Robotics Showcase
Feb 20, 2026 15:29 HKT/SGT
|
|
|
Hitachi Rail Invests C$30 Million in New Canadian Headquarters
Friday, February 20, 2026 11:20:00 AM
|
|
|
Toyota Launches New RAV4 (PHEV) in Japan
Thursday, February 19, 2026 6:25:00 PM
|
|
|
Osaka Hospital launches project to safely utilize generative AI for healthcare workforce improvements
Thursday, February 19, 2026 11:12:00 AM
|
|
|
|
|
More Press release >> |
|
 |
|
 |
|
