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Press release – Swiss Raiffeisen Group & coconet

Successful launch: coconet increases user convenience for corporate customers of the Swiss Raiffeisen Group with their multibanking solution

The Swiss Raiffeisen Group has further expanded their digital offerings for corporate customers. In cooperation with the German expert for digital banking software, CoCoNet, the banking group created a multibanking solution with integrated cash management and secure EBICS interface, which makes online banking even more convenient for corporate customers.

The new digital multibanking platform with an integrated innovative cash management solution provides corporate customers with an overview of all accounts, bank details and transactions as well as customizable dashboards. This enables them to manage their payment transactions and liquidity within a single application – even with third-party banks. EBICS (Electronic Banking Internet Communication Standard), the multi-bank standard for the transmission of payment transaction data via the Internet, has also been integrated. Moreover, the platform offers additional protection against cyberattacks, for example through payments in the protected area of the multibanking platform.

Björn Hassing, Chief Technology Officer at coconet, says: “We are pleased with the successful go-live of our joint solution and to support Raiffeisen in the implementation of their digital transformation strategy.”

The Swiss Raiffeisen Group is pursuing the goal of expanding their proximity to customers and further advancing innovative solutions. To achieve this, the banking group had planned, among other things, to expand their digital offering in corporate banking with SME eServices. The idea of a digital platform that allows companies to manage their payment transactions and liquidity within one application goes back to the Group strategy “Raiffeisen 2025”.

“As an implementation partner, coconet more than met our expectations for the further development of SME eServices with a great state-of-the-art solution,” reports Markus Beck, Head of Payment Transactions for Corporate Customers at Raiffeisen Switzerland. “Despite the challenges posed by the Corona pandemic, the cooperation went smoothly – both from a professional and a personal point of view.”

About the Swiss Raiffeisen Group
The Raiffeisen Group is the leading Swiss retail bank. The third force in the Swiss banking market has around 1.95 million cooperative members and 3.6 million customers. The Raiffeisen Group is present at 823 locations throughout Switzerland. The 219 legally autonomous and cooperatively organized Raiffeisen banks are united in the Raiffeisen Switzerland Cooperative. The latter is responsible for the strategic management of the entire Raiffeisen Group. With group companies, cooperations and partnerships, Raiffeisen offers individuals and corporate customers a comprehensive range of products and services. As of June 30, 2021, the Raiffeisen Group managed customer deposits of 236 billion Swiss francs and customer loans of approximately 203 billion Swiss francs. The market share in the mortgage industry amounts to 17.5 percent. The balance sheet total amounts to 281 billion Swiss francs.

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