Deutsche Bank automates emerging markets treasury workflow with new tool

The component-based solution from Deutsche Bank aims to address challenges across workflow for payments, funding and FX in Asia Pacific markets with capital restrictions. 

Deutsche Bank has launched a solution designed to simplify workflows for treasurers across collections, payments, funding, and foreign exchange in Asia Pacific emerging markets.

Named GEM Connect, the component-based solution links treasury processes together into automated workflows, simplifying the process of moving money across markets with capital restrictions. 

Using a combination of the components, GEM Connect aims to provide a one-stop liquidity and FX management solution for clients in emerging markets, said Deutsche Bank. The components include a rules-based FX execution tool and a payment and hedge matching tool.

“By removing manual processes and currency risk in intra-company cross-border transactions involving emerging markets, Deutsche Bank addresses real problems faced by our corporate clients,” said David Lynne, APAC head of corporate bank and fixed income & currencies at Deutsche Bank.

“GEM Connect is a turning point. It will play a key role in helping treasurers to better manage their liquidity both at group and subsidiary levels.”

It was developed by the bank’s corporate bank and fixed income & currencies business division in Asia Pacific and is currently available in India, Indonesia, Korea, Mainland China, Malaysia, Philippines, Taiwan and Thailand with plans to roll out across other emerging markets.  

Outside of emerging markets, other major participants have launched several initiatives also aimed at improving their treasury client offering. 

Most recent was BNY Mellon and Google Cloud in February, who recently partnered to create a data and analytics model designed to help prevent settlement failures in the US treasury market.