Andbank Spain has launched a pioneering service through an app enabling Eafis clients to transfer money to other entities.
The new service – which complies with the Electronic Commerce and Digital Signature Law – aims at streamlining transfer operations to those clients needing liquidity or having to rebalance their portfolio.
This pioneer initiative for private banking in Spain comes to reinforce Andbank’s strategy of boosting its network of Eafis – currenly comprising 45 – while contributing to improve the relationship between Eafis, its clients, and the entity itself.
Horacio Encabo, head of Eafis and Institutional at Andbank Spain, said: “With this service we take a step forward our objective to promote innovation and technology for the Eafis sector and the rest of the bank’s business arms.”
Andbank Spain had already created a precedent in 2016, when it launched the first service for Eafis clients, enabling them to sign documents remotely through electronic devices, which was developed by the fintech platform Finveris.