Bank of China New York and Deutsche Bank extend partnership for cash management

Thursday 17 April 2014 08:09 CET | News

Financial institutions Bank of China New York and Deutsche Bank have inked a memorandum of understanding expanding their cash management relationship.

As part of the agreement, Deutsche Bank’s new Guaranteed US Plus solution will be used to process Bank of China New York’s international USD payments to US beneficiaries.

Guaranteed US Plus was developed by Deutsche Bank’s Global Transaction Banking business to create a way for US beneficiaries of cross-border USD payments, and their foreign counterparts, to transact.

Bank of China is a Chinese bank that provides a full range of financial services globally. The New York branch provides commercial banking services including corporate banking, personal banking, USD clearing, custody and financial markets solutions.

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Keywords: Bank of China, New York, Deutsche Bank, cash, management, online, payments
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce