Deutsche Bank Launches FileAct Capabilities from Swift for Cross-Currency Payments
Deutsche Bank has successfully implemented FileAct capabilities for its cross-currency payments solution, FX4Cash. The bank says that using one file, regardless of the number of funding or disbursement currencies, clients are able to leverage a new cost-effective access channel that complements the existing access via FIN, SWIFT’s core store-and-forward messaging service, as well as the Internet and host-to-host solutions. Clients benefit from having another delivery option for their cross-currency payments to Deutsche Bank. The FX4Cash product is offered jointly by Deutsche Bank’s Global Markets and Transaction Banking divisions.