Deutsche Bank wins global cash management mandate from JetSmarter

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Deutsche Bank have announced its appointment as global cash management bank for JetSmarter, a mobile application that gives flyers access to the largest private aviation marketplace in the world.

As part of the agreement, JetSmarter gains access to Deutsche Bank’s unique technology, providing them with a single access point for their cash management operations. JetSmarter will benefit from Deutsche Bank’s advanced cross-border payment capabilities and global footprint across the US, EMEA and Asia, as well as the Bank’s enhanced payment reconciliation capabilities. This custom solution also delivers Deutsche Bank’s full FX capabilities to JetSmarter allowing for payout in over 130 currencies and collections in 40.

“As JetSmarter’s services expand worldwide, Deutsche Bank will enable our company to operate at all hours of the day from any location,” said Gennady Barsky, Chief Financial Officer of JetSmarter. “With global cash access to 132 currencies, we can now offer seamless payment options for our customers and vendors around the world.”

“Deutsche Bank continues to deliver leading treasury solutions that empower technology driven companies to meet the challenges and complexities of international growth” said Martin Runow, Head of Cash Management for Corporates, Americas, Global Transaction Banking at Deutsche Bank. “JetSmarter and its users will benefit from our extensive global network, robust payments architecture, and the full support of our universal banking model.”

Deutsche Bank is well-recognized for its cash management capabilities for corporates as well as its robust FX platform. The Bank was ranked as a top three international cash management provider for corporates in Euromoney’s 2014 Cash Management Survey and has ranked as a top three FX bank in Euromoney’s FX poll for over 10 years.

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