BCS GM launch international payments service 21 May 2019London Reporter: Maddie Saghir
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BCS Global Markets (BCS GM), the investing baking division of BCS Financial Group, has launched an international payment service, BCS Global Markets: International Payments.
The platform offers BCS’ corporate and institutional clients fast, simple and secure payments and foreign exchange (FX) experience to manage every aspect of foreign payments.
Additionally, it has a 24-hour functionality for institutions to authorise and receive payments, execute FX transactions, view balances and cash positions.
The new payments solution will allow BCS’ clients in the UK to accept and make payments to and from third parties across selected markets.
This includes Europe, the Middle East, and Africa, and Asia Pacific regions, as well as Australia, Singapore, Indonesia.
Evgeny Kunts, head of transaction banking at BCS Global Markets, commented: “We are providing a consolidated, easy-to-use service which gives our corporate and institutional investor clients, as well as High Net Worth Investors, a seamless process through their accounts with BCS Prime Brokerage.”
Kunts added: “We obtained our transaction banking license in 2018 and are proud of what we have been able to develop since then.”
“The global payments service which will be further expanded to include additional markets is the first move towards a diversified product offering which will be part of a suite of strategic products across the transaction banking platform.”
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