CMS in banking stands for Cash Management Services, which is a broad term describing cash collection, distribution, and reporting services for corporate clients. CMS involves cash collection, distribution, and reporting, especially for those businesses operating multiple physical locations. When banks offer CMS to their clients, they are offering a streamlined solution for the day-to-day management of a business’s transactions and account portfolio at the bank.

Some of the advantages of CMS in banking include extensive network, low-interest costs, and improved liquidity. CMS transactions can be made through a variety of channels, including online banking, mobile banking, and ATMs. However, businesses typically use a specialized CMS platform to manage their CMS transactions.

It is important to note that CMS in banking is different from a content management system (CMS) for banks, which is a software application used to manage digital content, such as web pages, documents, and multimedia files.

In summary, CMS in banking refers to cash management services for corporate clients, which involve cash collection, distribution, and reporting. Banks offer CMS to their clients as a streamlined solution for the day-to-day management of a business’s transactions and account portfolio at the bank.