Deutsche Bank: Announced that it has become the first European bank

  • Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products
  • Deutsche Bank becomes first European bank approved for China’s SAFE foreign currency trade payments pilot scheme
  • Under the scheme, eligible clients of Deutsche Bank China will be exempt from providing supporting documents
  • Compared with the traditional payment procedure, this cuts the foreign currency payment process time to just a few minutes from days
  • The bank has completed its first foreign currency payment under the pilot scheme for global automotive technology company Aptiv
  • As Aptiv’s banking partner, Deutsche Bank has provided us with a tailor-made pilot solution
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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