Launch of UniCash
Eight major European Banks have joined forces to offer a new cash management service enabling companies to manage financial activity in Europe from a single point of access and with a predefined quality level. UniCash will provide corporate customers with a single gateway for the delivery of cash management services across Europe. In order to meet the requirements of companies in a euro environment, UniCash will be launched during the first quarter of 1999. The eight participating banks are RZB-Austria (Austria); KBC Bank (Belgium); OKOBANK (Finland); Crédit Agricole (France); DG BANK, GZB Bank, SGZ Bank, WGZ Bank (Germany); ICCREA (Italy); Rabobank (The Netherlands) and Lloyds TSB Group (United Kingdom).