18th December 2019

RBI Chooses ION Treasury’s Reval Treasury Services for Virtual Account Management

London, UK – ION today announced that Raiffeisen Bank International AG (RBI) has chosen ION Treasury’s Reval Treasury Services to bring to market new products for their corporate customers.

Susanne Prager, Head of Cash Management at RBI, said: “Our longstanding relationship with ION and Reval made them the natural choice to deliver virtual account management to our customers. ION is a proven partner who can guarantee a fast time-to-market, integrate with our existing IT infrastructure, and provide a state-of-the-art user interface. What’s more, ION has a proven track record of delivering on time and on budget.”

Rich Grossi, CEO of ION Treasury, said: “We’re delighted to continue our partnership with RBI. For RBI’s clients, our solution will automate the bank reconciliation process directly in their ERP systems. It will also provide flexible, self-service options, automate manual processes, and reduce costs.”

ION Treasury’s Reval Treasury Services is a scalable liquidity solution designed exclusively for banks to enrich their existing corporate banking services. It provides flexible cash concentration, sophisticated interest calculation, cash visibility, cash forecasting, and virtual account management.

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