In the digital age, API (the acronym for Application Programming Interface) has become the key to service enhancement by integrating with the cash management solution to create breakthroughs in existing business models. Click on the cases below to find new inspiration for your business!
Redefining the securities brokerage industry
“With the support of the API technology, our customers can trade instantly, and funds transferred will hit their accounts with no more time lag.”
Arthur Chen, Chief Financial Officer
Futu Holdings Limited
DetailsA new era for the logistic industry
“Our new payment system has sped up processing from days to minutes!”
Philip Ho, Chief Executive Officer
OnePort Limited
DetailsHang Seng x FUTU Securities (“FUTU”)
FUTU stands out from the securities brokerage industry by redefining the traditional business model with a new level of efficiency
What the business needed:
In the past, FUTU customers used the FUTUBULL APP to top up their securities accounts in the traditional way, which took at least two hours to confirm the funds transfer before they could start trading. To deliver on its service pledge to customers, FUTU looked for a solution to simplify the operation flow and shorten the transaction time.
Hang Seng’s solution:
Hang Seng has incorporated Corporate API to tailor-made a collection and payment solution for FUTUBULL APP users to bind their FUTU account with their personal account in any bank. In this way, FUTU customers can seize investment opportunities in a more timely manner by trading on a 24/7 real time basis, whereas FUTU also finds its operation efficiency improved substantially.
Hang Seng x OnePort Digital Platform
A new era for the logistics industry with the
e-Payment System
What the business needed:
Since the launch of the electronic Release order (eRO) system, OnePort had been looking for ways to incorporate the e-Payment solution with the eRO system to replace the cumbersome and time-consuming traditional payment system.
Hang Seng’s solution:
To cater for the unique features of the import release process, Hang Seng has introduced a host-to-host payment system and API solution for OnePort, allowing logistics companies and cargo owners pay on a real time basis instead of the traditional way of issuing cheques or ATM transfers. Shipping lines can also largely enhance its payment collection efficiency and streamline its cash flow management. Both parties can instantly check the payment and collection status to save a lot of their operating costs.
Which sectors can benefit from the Cash Management Solution using API?
Generally speaking, the Cash Management Solution using API is particularly suitable for businesses which involve bulk payments, receipts and real-time transfers in their daily operations such as companies in securities, property management, education, insurance, and logistics industries.
The key lies in designing the tailor-made cash management solution to suit the specific needs and business model of your business. The two companies here were both pioneers adopting the solutions in their industries.
Do business need to invest a lot to develop API?
Hang Seng’s professional team will work with business closely. The IT teams of both side will work together to design a high efficiency cash management solution.
Will the API Cash Management Solution benefit my business beyond operations?
By making breakthroughs in operation modes, the API Cash Management Solution can help enhance your customers’ experience and satisfaction, potentially generating business growth and new customers for your company.
Please contact our Relationship Managers for more advice
on cash management solutions!
The above cash management solutions have been each accredited as the Best Payments and Collection Solution from The Asset’s Triple A Treasury, Trade and Risk Management Awards 2020 in the categories of “Digital Solutions - Financial Services” and “Digital Solutions, Logistics” respectively. In particular, our API solution for Futu Securities has also won the API Project for the Year by Asian Banking & Finance.
The Asset is a renowned financial magazine in Asia. The annual Awards are industry excellence recognitions awarded to companies and financial institutions that have launched or helped implement initiatives in corporate treasury management, trade finance, supply chain and risk management which are highly recognised in the industry. Asian Banking and Finance’s Award aims to honor the most outstanding banks in Asia. The Award is representative as it is evaluated by a judge panel which comprises of industry experts, looking into the banking solutions in terms of uniqueness and innovations, efficiency and effectiveness, and dynamism.