By Anna Davies | Illustrations By Justina Leisyte
Are you ready to move cash at a moment’s notice—without compromising your company’s security?
In a fast-paced economy, being able to send and receive payments rapidly ensures liquidity, streamlines transactions and maintains competitive agility. But with risks ranging from cyber criminals to check fraud, flexibility needs to be fortified.
To find out how, we spoke with First Horizon Bank, which has created a suite of products built for both speed and security. “Fraud management is integral to our product development … [it’s] not something we do separately,” says Somesh Kasibhatla, the company’s senior vice-president, director of treasury management product management.
From new payment technologies to market-leading insights tools, here are some of the ways First Horizon solves problems at every stage of the business journey.
One of First Horizon’s biggest strengths is that it is a large institution that operates with the flexibility of a smaller bank, says Pelzer. That has led to the development of innovative solutions like ClearPath Fast Payments.
“There’s direct access from sales and [relationship managers] directly to the product team [and] product leadership. We have an open communication, open dialogue, between the two groups, to let us know what’s coming next, what customers are looking for.”
Putting these tools and services to the best use comes down to an intimate understanding of customer needs, says Kasibhatla.
“First Horizon’s goal is to be the trusted advisor for our clients … we focus on delivering holistic payments solutions through a thorough understanding of client business and needs, rather than selling individual products.”
Source: Fox Business
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