P.
96
Cecabank Report 2018
Our business model
International Payments and FX Platform
The FX Global Payment Solution, an innovative product, has been designed
thanks to incorporating the London branch's payment processing system,
which is based on the necessary intelligence to efficiently manage the
exchange rate of cross-border payments whose payment currency is different
from the currency of the beneficiary's account. This solution has helped
provide a better service to clients and has eliminated the possibility of
errors. As a result, the cross-border payment service provided in Spain and
Portugal has been broadened, providing it now to over 80 countries and
covering over 24 different currencies.
Thanks to the involvement of the foreign network in marketing this product,
we have been able to establish new partnerships in payment processing with
various national and international entities.
FX Global Payment Solution
contributes high added value to a
standard correspondent banking
relationship
4 | 4.2