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In collaboration with RBC Capital Markets'Ìýclients, RBC Clearâ„¢Ìýreimagined Cash Management to create a seamless experience that puts clients in control of their workingÌýcapital

NEW YORK, April 16, 2024 /PRNewswire/ - RBC Capital Markets today announced the launch of RBC Clearâ„¢,Ìýan innovativeÌýCash Management solution that willÌýdeliverÌýa seamlessÌýcashÌýmanagementÌýexperienceÌýfor Fortune 1000 corporations in the U.S.

The platform, which allows corporate treasurers to gain traceability and transparency of transaction lifecycles in near real time, offers several unique features, including:

• Seamless onboardingÌý– Simplifies a traditionally tedious processÌýthrough the use ofÌýexisting client information and an onboarding tracker.
• Enhanced transparency in paymentsÌý– Offers near real-time status on payments.
• Proactive and customizable self-serviceÌý– Provides optionality on how clients want to be updated on transactions through a digital-first solution.
• Enriched insightsÌý– Compiles and centralizes actionable insights of data to ease day-to-day management,Ìýreporting, etc.

"WhenÌýwe decidedÌýto explore building out a U.S. Cash Management business, we knew the client perspective was key inÌýdevelopingÌýaÌýsolutionÌýthat addressed existing pain points in the market," said DerekÌýNeldner, CEO and group head, RBC Capital Markets. "Our client-first culture was aÌýsignificantÌýtool in building RBC Clearâ„¢ andÌýthroughÌýmore than 150 conversations,Ìýwe've developed a first-of-its-kindÌýCashÌýManagementÌýexperience."

"RBC Clearâ„¢Ìýis the next generation ofÌýCashÌýManagement platforms, which puts clients in control of their working capital and leverages today's technology to create a frictionless and unprecedented experience," said Kartik Kaushik,ÌýheadÌýof RBC Clearâ„¢. "Our team has workedÌýdiligentlyÌýtoÌýreimagine existingÌýCashÌýManagementÌýexperiences, removing limitations like manual processes, physical paper documents,ÌýandÌýnumerousÌýhandoffs. Through client collaboration and innovative technology, we have created what we believe will be the future of Cash Management."

"We leveraged our substantial multi-year investment in next-generation delivery platforms to build this business," says Bruce Ross, group head, Technology & Operations, RBC. "With that foundation, we created a cloud-native platform that combines the technological innovations of a start-up with the safety and security of a trusted financial institution."

To learn more about RBC Clearâ„¢, please visit .

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SOURCE RBC Capital Markets