Credit Suisse applies Open Banking APIs to interbank FX transactions

Tuesday 24 November 2020 13:15 CET | News

FX interbank dealer Credit Suisse has introduced two new Open Banking interfaces designed to provide financial counterparties with access to real-time data on the status of their securities and FX transactions.

In securities, users can learn the settlement status of transactions for which they have issued instructions and quickly uncover issues leading to settlement delays.

The other interface acts on FX trades passing through the international Continuous Linked Settlement (CLS) system. Trade details and the counterparty’s Unique Transaction Identifier (UTI) are automatically updated, eliminating manual queries for internal and external reporting obligations.

More details about this initiative here.

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Keywords: Credit Suisse, Open Banking, APIs, FX transactions
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech