Deutsche Bank has launched an Asia-developed treasury tool aimed at automating workflows for clients in countries with capital restrictions. Driven by the increased interest in automation and efficiency prompted by the Covid-19 pandemic, GEM Connect aims to simplify treasury processes in Asia even in countries where the movement of currencies is complex or restricted.
“Asia is a complex mix of markets with varying levels of documentation, automation, regulation and, in many markets, restricted currencies,” says David Cooper, transactional FX sales head for Asia Pacific at Deutsche.
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