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Deutsche Bank and BNY Mellon develop API-enabled FX solution

By Edil Corneille

July 08, 2020

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BNY Mellon and Deutsche Bank have jointly developed a new API-enabled foreign-exchange (FX) solution, initially being applied to custody FX transactions in the Korean Won. The digital solution can improve confirmation times for restricted emerging-market currency trades. It aims to reduce the pre-trade lifecycle to seconds from hours, thereby minimizing the operational burden and manual […]

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