Approval Workflows via winbank

Only the users you authorise may have access to perform transactions via winbank, depending on the amount and type of transaction. You may also set an extra condition, requiring approval from multiple authorised employees or executives within your company.

How you benefit

Customisation per user and transaction

When you subscribe to the service, we will assist you to set up the access and administration parameters per user and transaction via winbank:

  • Access and user rights per user, such as monitoring of balances. Performance of specific transactions or just entry of transactions to be approved by another authorised user. Optionofhidingproductswithintheportfoliosuchashidingyourcompany’sinvestmentportfoliofromspecificusers

  • Different approval level per user and transaction type

  • Different monetary limit per transaction and per user combination

User combination for performing transactions

To complete monetary transactions, you may set a condition for actions by a combination of authorised users. This approval mechanism requires actions by multiple users with different approval levels:

 1.   The first users log into winbank. They may enter the details of the transaction, but cannot complete it with out approval by the rest of         the users you have specified.

 2.    Each of the rest of the users logs into winbank. They will view a pending transaction in their messages. They will check the details of        the transaction and the person who entered it. They will either approve or reject the transaction. This action may be performed either        via the web banking service or via the winbank mobile App.

 3.    The transaction will be performed after all the users in the combination have approved it.

Combination of two factors for identity authentication

For certain actions or transactions, the system itself may require a two-factor authentication. The second factor is the 6-digit extraPIN you will receive via SMS on your mobile or by using the extraPIN generator device.

All these security measures are important so as to manage your portfolio via Winbank