BNP Paribas today announced the expansion of its international payment system platform which enables it to provide more foreign currency cash management solutions to its corporate clients.
International payments can now be made safely and accurately in more than 30 funding currencies and over 130 currencies worldwide.
In addition, BNP Paribas has extended its same day/next day foreign currency offering and has developed innovative solutions to help corporate treasurers integrate their fixed income and transaction banking business, in order to more efficiently manage their foreign currency deals. More advanced international payment options are now available through all conventional BNP Paribas e-banking channels, integrating foreign currency deals into international payment instructions.
These new solutions, which bring together BNP Paribas’ Fixed Income and Cash Management expertise, are available for corporate treasurers who hold an account in the majority of European countries where BNP Paribas is present via its ‘One Bank for Corporates’ network.
Pierre Fersztand, Global Head of Cash Management at BNP Paribas said, “The expansion of our international payment platform enables BNP Paribas to support the growing cash management needs of our corporate clients who have to manage an increasingly complex and global operating environment, in Europe and beyond.”
Building on a well-established European network, BNP Paribas – ranked as the leading European Cash Management bank in Europe* continues to invest in developing solutions for its corporate clients. In particular, BNP Paribas has proven expertise across the SEPA zone and probably has the most extensive network of Cash Management franchise in Europe.
*Greenwich Associates report 2014
About BNP Paribas Cash Management capabilities
Relying on an outstanding local footprint on all continents, BNP Paribas Cash Management network includes 1,000 committed experts and more than 200 Business centres, offering a Cash Management franchise in more than 70 countries for both domestic and international services. Its expert services and solutions covers more than 130 currencies.
BNP Paribas has a presence in 75 countries with more than 180,000 employees, including 140,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.