The Royal Bank of Scotland (RBS) has launched RBS GlobalXChange (GXC) which brings together its capabilities in cash management and foreign exchange (FX) focused on transactional FX.
Steve Everett, global head of cash management, RBS, said that GXC will allow customers to take advantage of RBSs’ product range, enabling them to combine their payments and FX requirements in a more cost-effective and efficient way.
GXC provides the group’s institutional, corporate and public sector clients, with a flexible integrated solution suite for international cross-currency cash flows, whether they are payments or receivables, single or multiple, automated or bespoke.
RBS added that the new product suite will enable clients to plan and deploy international risk and working capital management strategies and benefit from simplicity and transparency of solutions, cost efficiency, strength of execution and advanced analytics, benchmarking and advisory support.
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The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.
Despite faster payment technologies, business-to-business payments by paper cheque show no sign of decline from three years ago.
A global survey of 200 corporate treasurers by Temenos and Ovum shows that many expect at least some banking services to relocate away from London.