Thailand-based SCB Securities (SCBS) will use Deutsche Bank's dbIntegrate for equity execution, settlement and custody, the bank has announced.
Run through Deutsche Bank's Autobahn platform, dbIntegrate's functionality converts equity trades into settlement instructions, while the single-agent usage is designed to promote cost reduction and trade efficiency.
"With the recent relaxation of regulations in Thailand for offshore investments, there is a new demand for efficient cross-border transactions from local financial institutions, and dbIntegrate is the ideal solution to address these needs,"" says Vikas Arora, head of global transaction banking at Deutsche Bank. We look forward to continuing to work with SCBS."
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails