Deutsche implements new payments solution

New money transfer architecture replaces the bank's legacy system and gives customers greater control over payments.

Deutsche Bank has rolled a new architecture for transferring money that replaces its legacy US dollar system. The product, called MTNA, is being targeted first at the bank's financial institution clients, but will also be extended to corporate clients in Asia.

The solution will appeal to local clients because the 24-hour processing model will enable them to process payments in the morning. The architecture currently covers dollar payments and will be extended to cover euro payments in 2007.

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