Source: Swift
China Construction Bank (CCB) is China’s first bank to deploy Alliance Messaging Hub (AMH) for a corporate banking offering that is tailored towards their multinational clients, innovating global cash management by enabling comprehensive and enriched global cash management services.
“SWIFT is pleased to be working with CCB to process high volume messaging, achieving straight-through processing and built-in integration in this AMH project. This will enable CCB to scale through the multi-networking feature and accelerate business processes for the benefit of their corporates”, said Daphne Huang, Head of China at SWIFT.
CCB will provide a package of integrated services including network access, agency messaging, product application, system maintenance and integrated account management, coupled with SWIFT messaging standards. CCB’s multinational clients can expect to meet their need of a consolidated view of their branch offices across geographies, and improve their management of liquidity risks and payment efficiencies.
In the next phase, SWIFT will be working with CCB on establishing a comprehensive global cash management product system covering global account management, global collection and payment, global liquidity and global messaging report.