Standard Chartered Bank has adopted ACI Money Transfer System (MTS) 4.0 in Germany for its euro clearing. The bank uses MTS for clearing major currencies: US dollar, euro and the Japanese yen as part of its commitment to meet the high levels of availability, reliability and scalability that its customers have come to expect. Adopting the new version in Germany allows the bank to respond to the requirements of the single euro payments area (SEPA) – enabling it to comply fully with the new regulations, and make cross-border payments faster and more economic for its customers.
Madhavan Ramaswamy, global head, product management, banks, Standard Chartered Bank, said: “Our clients recognise the bank’s strength in providing access to its international network and multi-currency capabilities to facilitate seamless cross border trade and cross-border transactions. ACI Money Transfer System is a key partner in enabling our ability to deliver best in class solutions and processes to meet our clients’ dynamic needs in a reliable and scalable fashion.”
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