Banks sign up to use Deutsche's FX4Cash
02 October 2014 Boston
![Generic business image for news article](https://www.assetservicingtimes.com/assetservicesnews/images/ThursdayOctober220141412255939.jpg)
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.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
![Advertisement](../images/bull-252524.png)