French banking group Société Générale has launched i-Transfert, an automated speech recognition service which enables current account holders to make international fund transfers via the telephone.
SocGen current account holders can use i-Transfert to send funds from France to recipients in 20 participating countries.
Customers can transfer funds, to up to four recipients, at any time, by calling a 'voice server'. The call can be made from anywhere in the world.
The transaction is then processed by Société Générale, within two working days for an account-to-account transfer or in three working days for a transfer of cash for collection at a SocGen branch. The bank is charging €10 for an account-to-account transfer and €20 for a branch-based transfer.
Cuurent account customers will be able to make two transactions per month and per recipient using the service.