Payer Identification 2.0 Update

With the Payer Identification 2.0 feature update, nBanks reinforces automation and usability in counterparty management, addressing common scenarios such as old movements, incomplete data, or the need for quick adjustments.

The main novelty is the retroactive association by IBAN, which allows identifying counterparties in existing movements, even after the initial import. This means less manual work and greater historical data consistency.

When the IBAN is not available, the new automatic association by description comes into play, significantly speeding up the identification process based on the information present in the movements.

To give users more control, a Counterparty Settings module has also been added, centralizing rules and preferences, as well as a direct shortcut for editing counterparties, reducing steps and making data adjustment faster and more intuitive.

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What changes in practice?

This update reduces the time spent on identifying payers, improves data quality, and makes the process more fluid, even in contexts with a large volume of movements or incomplete information.

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Benefits:

- Retroactive association of counterparties by IBAN;

- New Counterparty Settings module;

- Automatic association of counterparties by description;

- Possibility to add imported files to the import area;

- Direct shortcut to access counterparty editing.

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This feature is available in all geographies.

You can try this feature here.