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“We’re offering certainty in an area where there is no certainty,” says Stephanie Wolf, head of global financial institutions, governments and business banking at Bank of America. “The client knows that any payments made are going to have a certain FX rate which leads to much more predictability, faster end-of-day reporting, and better reconciliation.”

The bank has recently launched a new product that aims to remove FX risk from clients operating in multiple jurisdictions.

Read about the new product here, and where it sits in the market.

Michael McCaw

PaymentEye