IBS works closely with major commercial banks to provide worldwide near real-time remittance and fund management
services for multinational enterprises, securing more efficient and low-cost funds flow for them.
IBS will also be extending such services to the SMEs, offering convenient and efficient cross-border remittance and payment services for a large number of customers.
IBS can provide multi-currency and near real-time fund settlement and clearing services for partner Payment Service Providers, by connecting to APIs for payment processing automation.
Moreover, IBS can provide channel for CNY collection service in China for painless money transfers from China to the EEA.
NGSN will allow commercial banks to make multi-currency settlement service in real-time across the Belt and Road region.
Compared to the time-consuming and high-cost traditional settlement network with uncertain settlement path, IBS provides a fast-paced fund settlement and clearing channel for clearing banks, general commercial banks and other payment service providers, which helps them to minimise the foreign exchange risk, reduce operation cost and enable them to provide better services for their customers.