Increasing international standardisation of payment formats in form of ISO 20022 CGI XML has paved the way for more standardised and centralised processes and makes it more interesting for companies to set up payment and collection factories.
Payments on behalf (POBO) and collections on behalf (COBO) are the high flying fruits and ultimate goal of every ambitious payment and collection factory project. They enable a consolidation of banking partners, highest levels of transparency and maximum efficiency for financial processes.
But what are the challenges, what are best practices and how do I go about implementation?
Download our whitepaper "The Benefits and Challenges of POBO and COBO" and discover deep insights!
Your Serrala Team