The Royal Bank of Scotland (RBS) has launched GlobalXChange (GXC), which focuses on transactional foreign exchange (FX) and combines the bank's cash management and FX capabilities.
Commenting on the launch of the new risk management platform, RBS cash management global head Steve Everett said, "GlobalXChange will allow customers to take advantage of RBSs’ award winning product range, enabling them to combine their payments and foreign exchange requirements in a more cost effective and efficient way."
The new product will allow customers to plan and implement international risk and working capital management strategies.
Users can also gain from ease and transparency of technology, cost efficiency, strength of implementation excellence and advanced analytics, benchmarking and advisory support.
GXC provides the bank’s institutional, corporate and public sector clients, with a flexible consolidate platform for international cross-currency cash flows such as payments or receivables, single or multiple, automated or tailored.