Deutsche Bank enhances financial supply chain management platform

Source: Deutsche Bank

Deutsche Bank today announced that it has made the necessary investment to launch 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.

In response to increased client demand for FSCM, Deutsche Bank is enhancing its platform through the introduction of 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. Concurrently, the Bank is strengthening its dedicated sales and implementation teams.

The enhanced FSCM platform will provide great flexibility and facilitates integration with third parties. The 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.

Marilyn Spearing, Global Head of Trade Finance and Cash Management Corporates, Global Transaction Banking, Deutsche Bank, said, "Demand for FSCM has increased as a result of globalization, further movement from letters of credit to open account, and the recent financial crisis. Managing working capital remains a strategic priority for our clients and we are developing a more robust FSCM platform to accommodate the needs of today's market."

Jon Richman, Global Product Head, Trade and Financial Supply Chain, Global Transaction Banking, Deutsche Bank, said, "Deutsche Bank continues to make the investment in our FSCM platform and product range necessary to help our clients succeed in this core area. Financial institutions and corporate clients look to partner with Deutsche Bank because of our extensive and expanding FSCM capabilities along with our stability and geographic coverage."

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