UK-based BCS Global Markets (BCS GM) has launched a new international payments solution, called BCS Global Markets: International Payments.
The new service will enable corporate and institutional clients of BCS GM to make quick and secure transactions across borders.
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The solution features 24-hour advanced functionality, which can be leveraged by institutions to authorise and receive payments, execute FX transactions, check balances and cash positions.
BCS Global Markets: International Payments, which supports multiple currencies, offers corporate cash management functionality.
The company’s clients in the UK will be able to accept and make payments to and from third parties across certain markets, including the EMEA and APAC regions, Australia, Singapore and Indonesia.
BCS Global Markets head of transaction banking Evgeny Kunts said: “We are providing a consolidated, easy-to-use service which gives our corporate and institutional investor clients, as well as high net worth investors, a seamless process through their accounts with BCS Prime Brokerage.”
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By GlobalDataKunts, who joined the organisation to develop the new payments service, noted that BCS GM obtained its transaction banking license last year.
The firm intends to expand its new global payments service to additional markets. The solutions will be part of its strategic products range across the transaction banking platform.
