BCS Global Markets (BCS GM) is launching an advanced global payments service, BCS Global Markets: International Payments. The platform offers BCS’ corporate and institutional clients a payments and FX solution to manage every aspect of foreign payments.
It has 24-hour advanced functionality for institutions to authorise and receive payments, execute FX transactions, view balances and cash positions. The consolidated system makes global payments an effortless and efficient process.
Offering payments in a broad range of currencies, the corporate cash management is the core functionality of the payments service. The payments solution will allow BCS’ clients in the UK to accept and make payments to and from third parties across selected markets such as the EMEA and APAC regions, as well as Australia, Singapore and Indonesia.
The global payments service, which will be further expanded to include additional markets, is the first move towards a diversified product offering that will be part of a suite of strategic products across the transaction banking platform.