Fortis Bank has become the first bank in the Benelux region to take Cognotec’s AutoDeal Lite e-commerce platform. The platform will provide the backbone of the bank’s new “Click n’ Deal” offering, an online FX and money market dealing system.
The “Click n’ Deal” system is the first of several services that will form the bank’s Web-enabling strategy over the coming months. The service will be used to connect sales centres in France, Italy, Portugal and Spain with the main dealing room in Brussels. The bank’s intention is to develop its southern European customer base, and is also looking into the viability of extending this strategy to Asia and the Americas.
Meanwhile, Investors Bank & Trust has taken AutoDeal Lite for its InvestorsFX service, which will provide 24-hour, global online FX dealing to its institutional clients. The service provides secure market pricing, instant hard copy confirmations, historical trade records, block trade allocation and dispersion and file download capabilities.