RBS secures cash management contract with BT

The Royal Bank of Scotland (RBS) has won a contract with BT to provide cash management in North America, extending the solution already implemented in Europe.
The solution includes domestic cash management to support electronic and paper-based payments, receipts and liquidity management via RBS’s access direct host-to-host channel.

Mr Robbin Snijders, group treasurer, BT Global Services International, comments: "The goal is to mirror the high quality of service in Europe to North America. The key reason for selecting RBS has been the willingness to deliver a tailored solution, together with a strong management team, who provided a consultative approach throughout the implementation, listening to our key requirements."

Brian Stevenson, chief executive, global transaction services, RBS adds: “We are very excited to be the primary bank for BT in Europe and now North America. We look forward to providing them with a comprehensive and streamlined solution, maximising efficiencies and minimising funding costs.”