Indian Overseas Bank (IOB) has entered into a Memorandum of Understanding (MoU) with Deutsche Bank to establish a relationship in cash management services. The bank will use Deutsche Bank’s global cross-currency payments solution, FX4Cash under the terms of the said MoU.
Indian Overseas Bank, with the help of FX4Cash, will get access to a full suite of solutions to support its global cross-currency payable and receivable flows. FX4Cash will enable Indian Overseas Bank to gain efficiencies through a streamlined automated process for FX dealing and payments.
