Deutsche Bank transfers more applications to Autobahn App Market
18 September 2013 | 9690 views | 0
Deutsche Bank has released three new cash management apps on its Autobahn App Market and launched a new service for real-time reconciliation of multi-currency transactions.
The new Apps include Cash Inquiry App, which replaces the Bank's current dbcinq offering, the Cash Manager App, which replaces the Bank's db direct internet offering, and the Holiday Clearing Calendar App, an extension of the Bank's existing Calendar App.
The Cash Inquiry App enables clients to intuitively view records of completed transactions and reference information, original instructions and outbound payment instructions. Users can initiate inquiries instantly while conducting research online and obtain detailed reports on volumes and types of inquiries, billable inquiries as well as Deutsche Bank's performance in terms of resolution time.
The Cash Manager App will handle delivery of processed transactions and provide payment and account information to users via a dashboard interface.
The Holiday Clearing Calendar App will provide users with cash clearing holidays for major clearing currencies.
The new apps are being previewed at the 2013 Sibos conference in Dubai, where the German bank will also be showcasing a new GTB Correspondent Bank Directory (CBD) service on Autobahn Mobile for iPads. CBD provides information on correspondent bank information to financial institutions, including Deutsche Bank's STP-formatting rules for US dollar, euro and British pound sterling high-value payments.
Another product getting its first airing on the Deutsche Bank stand is the Account Reconciliation Manager, a real-time, multi-currency cash management system that allows users to automatically reconcile funds to virtual accounts using customisable rules-based matching. All transactions are posted to one main cash account held with the bank and are reflected in virtual accounts that can be categorised to meet the individual user's business needs.
Also announced at Sibos, Abu Dhabi Commercial Bank has signed an MoU to use DB's Apps market as a common access point to the German bank's broad range of electronic products and services.