India gets first app offering from Deutsche Bank 26 August 2014Mumbai Reporter: Catherine Van de Stouwe
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Deutsche Bank’s transaction banking app, Autobahn App Market, is being released for the first time in India.
The cash manager app facilitates straight-through processing of payments and collections for corporates in India, including e-tax payments.
The app also has a dashboard feature that consolidates information that enables clients to gain quick visibility into their account balance positions, payment statuses and key reports.
A new securities portfolio manager app will act as a single access point to a large variety of reports across custody, securities clearing and fund administration. Clients in mutual funds and insurance companies will benefit from the efficient daily workflow.
The Autobahn App Market is the first app-based electronic client offering in the financial services industry, providing access to Deutsche Bank’s electronic products, services and intellectual property.
Anjali Mohanty, head of global transaction banking for India at Deutsche Bank, said: “We are pleased to introduce the cash manager and securities portfolio manager apps in India first.”
“This clearly demonstrates the importance of this market to the bank and the clients we serve globally. The Autobahn App Market has been developed by exercising great discipline leveraging clients.”
“It exemplifies our client-centric product development strategy.”
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