w1se Corporate e-Banking
w1se Corporate e-Banking offered by the KBC Group is a multi-currency, multi-country, multi-language, multi-user gateway, running on a common server and accessible through the internet from any location in the world. There is no need for on-site implementation, a characteristic of most traditional electronic banking solutions, and staff worldwide all use the same application and databases.
w1se provides direct access to manage and monitor local bank accounts, supporting the full range of local payment and collection systems in all countries covered by the KBC Group and providing remote access to accounts held at over 200 other banks worldwide. Using w1se Corporate e-Banking, a treasurer can centralise liquidity positions and yet still initiate payments and collections by using less expensive local payment systems for their bulk transactions.
The w1se concept
KBC Group invested over several years to develop the w1se Corporate e-Banking, aiming to create as much value as possible for its customers by taking maximum advantage of web based technology. The concept is simple – replace a host of domestic e-banking applications in several countries with a single system. w1se facilitates multi-country transaction flows Companies that expanded internationally before ERP systems allowed them to integrate payables and receivables across regions, often face big problems. Their different ERP systems may generate several different payment formats depending on the countries where they are active.
w1se offers them several advantages:
- w1se supports all the most common national payment formats.
- w1se also supports the most common national electronic collection formats.
- w1se enables efficient input of individual payments and collections – a built-in guidance logic defines the payment type and displays the appropriate payment or collection screen for completion.
- w1se helps the user to initiate country-specific low value and high value payments, salary payments, global debit instructions, recurrent payments and (non) pre-authorized collections
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Companies with ERP systems that allow the generation of Swift MT101 files (Request for Transfer) can import mixed files containing both domestic and cross-border payments in different currencies and even different countries. The w1se infrastructure ensures a seamless interface from the various KBC Bank entities and partner banks all the way to the end user.
National and international file formats supported by w1se
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Belgium |
The Netherlands |
France |
Germany |
Czech Republic |
lovakia |
Poland |
Hungary |
United Kingdom
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| Payments |
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| Collections |
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| Information Reporting |
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Super User concept
‘Super Users’ are appointed within the company by the company’s management. They are entitled to create and delete users who may access the company’s w1se contract and administrative set-up.
The advantages of this concept are:
- Super Users define the roles, entitlements and authorisations of users having access to the w1se application around the world; the impact of any staff turnover is reduced, as Super Users can create new users on an as-needed basis and grant them specific authorisations within the w1se application.
High security standard
The company Isabel with an excellent track record has been selected as a security provider for w1se. Isabel secures e-Banking and e-Commerce for more than 30 000 companies in Europe. Isabel’s security platform is based on a smart card (containing the user’s secret key).w1se Corporate e-Banking verifies the user’s certificate and his/her entitlements any time he/she tries to access the application or sign any payment or collection instruction.
Powerful information reporting tools
Proper financial management is based on timely, accurate and comprehensive information. Users can retrieve account information or bank statements for consultation on-line, for the generation of pre-formatted reports or for export to other database applications in multiple formats.
w1se supports:
- Intra-day reporting either generated automatically, upon request or at pre-defined times,
- End-of-day reporting,
- Bank statements which can be made available to various employees at different locations,
- Account information which can be downloaded in country-specific formats,
- Flexible generation of standardized reports.