{"id":36846,"date":"2018-11-05T20:59:06","date_gmt":"2018-11-05T20:59:06","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=0726054d37b4669a62080494928d1b87"},"modified":"2018-11-05T20:59:06","modified_gmt":"2018-11-05T20:59:06","slug":"deutsche-will-use-cloud-to-transform-cheque-processing-operations","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/deutsche-will-use-cloud-to-transform-cheque-processing-operations\/","title":{"rendered":"Deutsche will use cloud to transform cheque processing operations"},"content":{"rendered":"<p><span class=\"field field-name-field-author field-type-node-reference field-label-hidden\"><br \/>\n      <span class=\"field-item even\"><a href=\"https:\/\/www.cloudpro.co.uk\/authors\/clare-hopping\">Clare Hopping<\/a><\/span><br \/>\n  <\/span><\/p>\n<div class=\"field field-name-field-published-date field-type-datetime field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><span class=\"date-display-single\">6 Nov, 2018<\/span><\/div>\n<\/p><\/div>\n<\/div>\n<p class=\"short-teaser\">\n<a href=\"https:\/\/www.cloudpro.co.uk\/\" title=\"\" class=\"combined-link\"><\/a><\/p>\n<div class=\"field field-name-body\">\n<p> Deutsche Bank and HCL Technologies have announced a strategic partnership that will see the German bank transform its\u00a0global cheque processing operations, digitising the process to benefit customers and the firm itself.<\/p>\n<p>HCL will implement a cloud-based IT platform to automate the processing of cheques, significantly cutting down the resources needed to take cheque payments. At the moment, it&#8217;s a manual process to put cheque payments through, despite the payment method being vital for many of its customers.<\/p>\n<p>\u201cWhile cheques are still widely used around the world, the volumes across the industry are falling and processing them remains a labour intensive, highly manual task,\u201d Shahrokh Moinian, global head of cash products, Global Transaction Banking\u00a0of Deutsche Bank\u00a0said.<\/p>\n<p><!--wysiwyg_see-related_plugin--><\/p>\n<p>\u201cThis strategic partnership is a great example where we are proactively responding to client needs and changing industry dynamics. We are turning a challenge of a commoditised product with declining volumes into an opportunity for innovation and creation of digital assets, which will ultimately benefit our customers.\u201d<\/p>\n<p>HCL&#8217;s digital cheque payment processing technology will also collect data that can be shared with the customer so they are able to better manage their finances.<\/p>\n<p>\u201cThis is a significant milestone in HCL\u2019s long-standing partnership with Deutsche Bank,\u201d Rahul Singh, president of financial services at HCL Technologies added.\u00a0\u201cWhile banking is becoming increasingly digitised, processing cheques is still a paper-based process. HCL will leverage its engineering capabilities to build a digital, cloud-based, paperless platform which enables Deutsche Bank and other banks to benefit from efficiencies and deliver value-added services to their customers.\u201d <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>      Clare Hopping<\/p>\n<p>        6 Nov, 2018    <\/p>\n<p>       Deutsche Bank and HCL Technologies have announced a strategic partnership that will see the German bank transform its\u00a0global cheque processing operations, digitising the process to benefit cust&#8230;<\/p>\n","protected":false},"author":400,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-36846","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/36846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/400"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=36846"}],"version-history":[{"count":3,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/36846\/revisions"}],"predecessor-version":[{"id":36864,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/36846\/revisions\/36864"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=36846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=36846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=36846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}