China CITIC Bank Pilots Deutsche Bank's Cross-Border Multi-Currency Payments Solution
Deutsche Bank has announced that its cross-currency payments solution, FX4Cash, has been selected, piloted and launched by China CITIC Bank. This means that, through one base currency account, China CITIC Bank should be able to make payments in more than 75 local currencies via wire, check and automated clearing house (ACH). The solution combines Deutsche Bank’s market share in global foreign exchange (FX) with its global cash management position to provide global cross-currency payment solutions for corporate and financial institutions. Seamless access is offered via SWIFT, Internet and host-to-host solutions.