BNP Paribas launches new CENTRIC electronic banking platform for corporates with roll-out starting i
by Kylene Casanova
The electronic banking platform for corporate clients from BNP Paribas, named CENTRIC, offers access to cash management and trade finance products as well as execution of foreign exchange transactions.
BNP Paribas aims, with the new CENTRIC platform, to give corporate clients complete control of all their treasury business operations through the use of a single platform equipped with a number of so-called 'widgets', or components, including cash management, trade finance, FX hedging, research products and services. CENTRIC gives access to existing platforms Connexis and Cortex. There are also plans to integrate the banks' supply chain finance and rates platforms into CENTRIC.
Asia-Pacific is the first region in which the bank rolls out the platform, starting with Hong Kong and Singapore markets and Australia. In the second phase, Taiwan, Thailand, India, China and Vietnam will installed first and then Japan.
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