Deutsche Bank’s MTNA to revolutionize global payments in Asia
Deutsche Bank’s enhanced Money Transfer New Architecture (“MTNA”) is set to evolutionize global payments in Asia. With MTNA, Deutsche Bank will be able to offer customized payments solutions to its clients on a platform that can process transactions at a level never before seen in the Asian payments industry. MTNA is Deutsche Bank’s value proposition for clients in the high value payments space for processing USD and Euro.
Other key technology driven features include an intuitive capability software embedded into the system to perform repetitive repairs thereby reducing margin error and manual intervention. MTNA also allows clients to time the release of their treasury and commercial payments and to drill down to the payee level, the types of payments errors made so that mistakes can be resolved promptly.
Timothy Merrell, Head of Financial Institutions High Value Payments Product Management,
Cash Management, said ”Trends in the payment arena drive the need to achieve efficiency in payments processing, liquidity utilization and better information capture. With Deutsche Bank’s stateoftheart platform, clients will be able to achieve these objectives while managing their funds flow at an optimal level. By building a unique hybrid platform, Deutsche Bank is able to combine a vendor solution for the core processing engine while employing the latest artificial intelligence available to deliver proprietary value added services offered only by Deutsche Bank.”
Besides its ability to customize payment pricing, based on any payment information such as geography and beneficiary, MTNA will appeal further to Asian clients as the 24 hour processing Model will enable clients to process their payments in the morning.
John Ball, Regional Head of Cash Management Financial Institutions, Asia Pacific said, ”Asia is an extremely importantly region to Deutsche Bank and we remain committed to the region. With the many diversified practices in the different countries, MTNA delivers the ultimate flexibility across geography and allows us to tailor our services to each client, right down to a transaction basis. With such customized solutions, this will empower our clients with the ability to better compete in their local markets.”
For further information, please call:
Pwai Foon Tang
(65) 6423 8189
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private
clients franchise. A leader in Germany and Europe, the bank is continuously growing in
North America, Asia and key emerging markets. With Euro 1,058 billion in assets and
65,435 employees in 73 countries, Deutsche Bank offers unparalleled financial services
throughout the world. The bank competes to be the leading global provider of financial
solutions for demanding clients creating exceptional value for its shareholders and