China Guangfa Bank Selects Omikron's MultiCash
China Guangfa Bank (CGB), one of China’s top 10 universal banks, has become the first bank in China to use Omikron’s MultiCash solution for e-banking and cash management services for corporates. The bank’s declared objective is to provide advanced payment services and cash management tools to mid- to large corporates across China, features well established in Omikron’s mature MultiCash product suite.
Omikron can provide its Chinese customers with a rich product portfolio to meet these requirements :
Following the pilot and launch by China Guangfa Bank, Omikron is in advanced discussions with other Chinese and international banks. The eventual goal is to provide a full multi-banking capability for China. “The business potential within China is only one side of the picture,” said Thomas Zimmermann, Omikron’s managing director (MD). “Just as important is the fact that European or US-based corporate groups can now incorporate direct access to Chinese banks within their payment factory. For our clients, this provides a terrific opportunity to centralise their transaction flows.”