Banks sign up to use Deutsche's FX4Cash
02 October 2014 Boston
Image: Shutterstock
Canara Bank and KBC Bank have signed up to use Deutsche Bank’s FX4Cash, a global cross-currency payments solution.
India’s Canara Bank specialises in retail and corporate banking, while KBC Bank is a well-known euro clearer that is a part of the KBC Group, which concentrates on its home market in Belgium.
Marc Bruffaerts, head sales and network management at KBC Bank, said that FX4Cash offers a simple and efficient way to optimise cross-currency payments and provide customised solutions to clients.
VS Krishnakumar, executive director at Canara Bank, called FX4Cash a “powerful tool [that] enables fast and easy global payments”.
The banks signed memorandums of understanding with Deutsche Bank at Sibos 2014 in Boston.
India’s Canara Bank specialises in retail and corporate banking, while KBC Bank is a well-known euro clearer that is a part of the KBC Group, which concentrates on its home market in Belgium.
Marc Bruffaerts, head sales and network management at KBC Bank, said that FX4Cash offers a simple and efficient way to optimise cross-currency payments and provide customised solutions to clients.
VS Krishnakumar, executive director at Canara Bank, called FX4Cash a “powerful tool [that] enables fast and easy global payments”.
The banks signed memorandums of understanding with Deutsche Bank at Sibos 2014 in Boston.
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