Deutsche Bank and Ant International have announced their strategic cooperation to provide more comprehensive payment solutions for businesses of all sizes in Europe and Asia, combining their know -how and exploitation of privately owned token and FX technology based on AI.
The Bank will work with Ant International’s built -in funding unit in a series of global treasury and cross -border payment innovation innovations, including token Psenised, Stablecoin and FX Transformer (TST).
Deutsche Bank will be the first German bank to facilitate the Ant International Treasury Management platform to allow real -time capital transfers between Ant International’s in -service entities. This will allow for the most effective and transparent worldwide Treasury management for Ant.
In addition, the two sides will also explore cross -border payment innovations, including bank deposits, Stablecoin and Ant International’s Falcon TST FX model, to help Ant International and its customers reduce the costs and risks associated with FX. Both companies will further consider Stablecoins applications for world payments, including Treasury cross-border management for Ant entities, reserves management and On-Ramp and Off-Ramp.
Deutsche Bank will also work with Antom, a trader’s payment and digitization provider, to increase their cooperation to expand Antom’s acquisition solutions to EMEA traders, allowing them to integrate more with more payment solutions.
The bank will also support the solutions suite related to Worldfirst Payments for SMEs in e -commerce and cross -border trade, including, indicative, in account collections, payments and FX services. It will also allow the account provider and financial services to access its global network to serve its customers.
Ole Matthiessen, head of the APAC & Mea Corporate Bank and the World Cash Management Head for Deutsche Bank, said:
“We are pleased to work strategically with Ant International, we will take advantage of our widespread products and the powerful global network to provide uninterrupted payment solutions to Ant International and its customers in Europe and Asia.
Kelvin Li, general manager of Platform Tech at Ant International, said:
“With a dynamic Fintech landscape, Europe is quickly a key hub for global digital payment innovation. Consumers.”
Extension to clients in force since 2019, the two sides signed a memorandum of agreement (MOU) on June 8 in Munich, Germany, to deepen strategic cooperation.