Deutsche Bank (Frankfurt) is launching a new financial supply chain management (FSCM) platform that brings together the power of its trade and cash management capabilities.
The platform will offer flexible financing solutions and be fully-integrated with payments, reporting and SWIFT's trade services utility (TSU). This standardized platform will be global and will offer both multi-currency and multi-lingual capabilities, the company says.
Due to increased demand from clients for FSCM, Deutsche Bank is enhancing its platform through by introducing document and message exchange, including matching via TSU. Additionally, the bank is in the process of augmenting its risk management methodologies to provide more flexible, event-driven finance. AT the same time, the bank is strengthening its dedicated sales and implementation teams.
The enhanced FSCM platform is designed to provide greater flexibility and will facilitate integration with third parties. Deutsche Bank continues to develop partnerships and alliances with third parties, including financial institutions and others such as logistic providers, in order to expand supply chain reach, augment credit capacity and enhance the flow of supply chain information.