Automatic Organization Association for New Term Deposits

Term deposits received through bank connections can now be automatically associated with an organization as soon as they are identified, making them immediately available on the platform without manual assignment.

To make this possible, nBanks now performs a daily automatic refresh of bank connections for eligible companies. Users no longer need to access the bank connections settings to assign an organization to each new term deposit. A manual refresh is still available in the Vault whenever needed.

The organization is identified in two ways:

• When the bank provides the linked current account, the term deposit is associated with the same organization as that account and inherits its permissions, so the connection owner, the account Owner, and all users with access to the linked account can view it.

• When this information is not available, nBanks matches the company name sent by the bank, considering both the legal and trade name, against the organizations on the platform. The association is only made with a confidence level of at least 85%, and in this case the term deposit is visible only to the connection owner.

Whenever a new term deposit is associated, the connection owner and all users who gain access to it receive a notification. Users are taken directly to Treasury, while the connection owner is taken to Access Management in the Vault to confirm the association.

When an organization cannot be identified with sufficient confidence, a notification flags the term deposit for manual assignment in the Vault. Notifications apply only to newly received term deposits.

This functionality requires the Other Accounts add-on, and activation is configured by the Support team.

Available in Portugal for the following banks:

• ABANCA;

• Banco Carregosa;

• Banco Montepio;

• Bankinter;

• BPI;

• Millennium BCP;

• Novobanco;

• Santander.

Benefits:

• Automatic association of new term deposits with the right organization;

• Daily refresh of bank connections, with no manual action required;

• Permissions inherited from the linked current account;

• Smart matching by company legal and trade name;

• Notifications for every new association or pending assignment;

• Faster availability of newly imported products on the platform.

Available in all geographies.