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DBS to launch online tracking for cross-border collections for businesses

The Edge Singapore
The Edge Singapore • 2 min read
DBS to launch online tracking for cross-border collections for businesses
With better visibility of where the funds are, companies can better manage their working capital
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DBS Bank has launched real-time online tracking of cross-border collections to provide greater digital convenience to its corporate clients – claiming to be the first bank in Asia to do so for both collections and payments.

This builds on the bank’s industry leadership in 2018 to enable businesses to track the status of their cross-border payments in real-time and online, which is built on the SWIFT Global Payments Innovation (gpi).

See also: DBS collaborates with IBM to adopt next generation mainframe technology

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