RBI and TIS join forces to offer customers enhanced API and connectivity services

Among many other benefits, corporate customers will be able to seamlessly connect to API (Application Programming Interfaces) powered products of RBI and other financial institutions via the TIS platform and manage their treasury operations centrally using their preferred system.

“The cooperation with TIS, one of the leading fintechs in its area of expertise, is a landmark in our cooperation strategy with the fintech-scene. Our customers can now receive RBI account statements in real time within the TIS application. This is currently possible for RBI accounts in Austria, Serbia, and Kosovo with more extensions planned within this year,” said Susanne Prager, head of RBI’s Cash Management department. “This joint product is exactly what our clients are looking for in terms of modern user experience, and we are very happy that our valued customer Porsche Holding validates our approach.”

“The APIs developed by RBI and embedded in the TIS web interface will represent a significant milestone in Porsche's pursuit of real-time treasury. We can see the immediate value this product adds into our daily treasury operations,” said Heimo Tiefenböck, Group-Cashmanager at Porsche Holding GmbH.

Jörg Wiemer, Co-Founder and CSO at TIS, said, "TIS has worked closely with RBI to develop a suite of APIs that provide real-time statement generation, payment processing, and payment status updates. As part of our commitment to continual connectivity evolution, the APIs offer valuable additional benefits and real-time insights for our clients without requiring extensive IT projects.“

As opposed to today’s treasury routines with batch processing and end-of-day availability of balances and statements, APIs will become part of the “new-normal”, at least for RBI’s and TIS’s customers. APIs, alongside other connectivity options, are a crucial piece of the puzzle across the Office of the CFO: The set of programming code enables automated and real-time data transmission between systems thereby supporting various use-cases like real-time and on demand payments and balances.