DB’s financial system will be connected to Yonyou’s ERP platform and TMS, which serves a group of state-backed enterprises in China. The first roll-out is expected in Q1, according to a DB spokesperson.
The treasury digital push, fraud and instant cross-border settlements, dominated discussions at the conference. CT asked several global banks in the region how they are adapting, which includes bringing some functions in-house.
Michelle Xu, greater China head of risk management solutions at Deutsche Bank, discusses the impact of the Fed’s rate cut decision on Chinese exporters.