ABN AMRO’s multi-bank cash concentration service provides the means to automatically sweep excess funds from designated accounts to a central concentration account or accounts on a daily basis, enabling Bank Central Asia (BCA) to save time, enhance control and visibility of its balances and improve returns on otherwise idle cash.
Mike Hampson, global head of financial institutions and transaction banking at ABN AMRO, said: ABN AMRO is a market leader in liquidity management tools for corporate clients. We felt some of the same tools and techniques could be valuable to financial institutions. We are delighted to be working with BCA to put this innovative solution in place.
