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BofA launches omni-channel approach to cross-currency transactions

October 7, 2020

Via: Finextra

Bank of America is responding to the dual imperatives of cross-currency transactions – technology innovation and client demand for improved efficiency – with an omni-channel offering that now includes API (application programming interface) and mobile connectivity.

“We are pleased to introduce new functionality that gives clients greater ease and control to manage their rapidly growing cross-border payments volume,” said Doug Houser, head of Transactional FX in Global Transaction Services (GTS) at Bank of America. “With the ability to mix and match different channels for trading and settling, we’re giving companies the ultimate convenience in managing cross-currency payments.”

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