BNY Mellon says it has enhanced its foreign exchange payment capabilities.
Its Frankfurt and London branches have significantly increased the number of global currencies they can provide, it says, with the total expected to exceed 120 currencies over time.
Clients holding accounts in Frankfurt and London can use account balances in a single currency to instruct FX payments in various currencies as required.
Clients are provided with a range of payment initiation options, including BNY Mellon's proprietary TreasuryEdge(SM) electronic portal, EDI ASC X12, and SWIFT.