TD Bank revealed that they had created a commercial licensing agreement with Hydrogen Technology Corporation. Their main goal is to bring digital investing solutions to their TD clients.
TD Bank Group currently has over $1.3 Trillion CAD in assets and has 25 million customers. Their agreement with Hydrogen gives their customers the benefit of having a better investing experience.
Hydrogen (Hydrogen Technology Corporation) is a fintech project that has an ambitious goal: To become the top financial platform in the Web 3.0 generation. The startup team is working on making a new digital economy that brings fintech to the public. And they have made another large leap by partnering with TD Bank.
By using Hydrogen’s Application Programming Interface to their Webroker Platform, TD clients in their Direct Investing program can create their own financial portfolios and plans. As a result, users can better track their progress against personal goals.
As both companies work together, they plan to give more features for TD Bank customers. This includes access to the artificial intelligence and digital advisor features; including sections of Hydrogen’s Web 3.0 plan. These features will be available later down the line, as Hydrogen’s technology is exposed to TD bank’s clients.
One main benefit for automated API for P2P payments is that it helps businesses streamline their process throughout the transaction. While the supply chain software vendors began to identify this technology, it’s been implemented by savvy business leaders. And it’s been adapted for use in all purchasing aspects.
This new system by TD Bank and Hydrogen will help users control their investments.
Automated API for P2P payments has been used to increase the collaboration between procurement and finance and helps businesses overcome challenges in purchasing and finance. It gives businesses the ability to use modern technology better to overcome challenges.
Collaborative and coordinated work between procurement and finance departments with knowledge sharing and system tools. By doing this, you can reduce the supply chain risk, and improve a company’s business landscape and help them succeed in the future years to come.
When automating the purchase to pay(P2P) process, businesses can simplify their operations, make them more competitive and save them money.
Companies that use automated API for P2P payments make smarter buying decisions. They will become more financially agile and give them more working capital that can help with the supply chain.
A more streamlined procurement process improves productivity, lowers costs, and helps businesses find data that’s necessary to have actionable insights.
Overall, we can see that TD Bank and Hydrogen are great for their plans to aid the fintech industry. By doing this, it will give businesses the ability to manage their assets better. And for personal finance, it will make tracking information even easier. Thus, it will be interested see how automated API for P2P payments evolves as the team continues to develop on their project.
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