Industrial and Commercial Bank of China (ICBC) has announced that it has recently launched the global cash management service.
The bank has claimed that through the global cash management service it can meet the demand of multinational companies to allocate their capital both at home and abroad and to coordinate the management of their global accounts.
Reportedly, the service enables ICBC to assist its clients in obtaining the domestic and overseas capital information and consolidating their allocation of domestic and overseas capital. The bank has claimed that it also helps in managing their global accounts and meeting clients demand for the cross-border, inter-bank, multi-currency intensive management of capital and the elusion from the risks of multinational business.
It has further added that the system provides multiple channels of bank-enterprise interaction and can realize the collection, distribution, integration and counting of clients’ cash management service information, so as to maintain the payment balance and information management for clients’ all accounts in different domestic and overseas banks.
