The Bank of New York has announced an expansion of its electronic banking and cash management services agreement with Krung Thai Bank by entering a third party internet deal.
Krung Thai is private-labelling The Bank of New York's web-enabled payment and trade information products. The services are being provided through The Bank of New York's branch network in the US and Asia.
The arrangement allows Krung Thai customers to increase their efficiency in meeting their trade and payment needs, says Eric Kamback, executive vice president and head of global payment and trade services at The Bank of New York.
This alliance reflects our...