Deutsche Bank today 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.
About Deutsche Bank Global Transaction Banking
Global Transaction Banking (GTB) provides commercial banking products
and services for both corporates and financial institutions, including
domestic and cross-border payments, risk mitigation, international trade
finance as well as trust, agency, depositary, custody and related
services. It comprises the Corporate Cash Management, Trade Finance and
Institutional Cash & Securities Services businesses.
About JetSmarter
JetSmarter is a mobile marketplace that offers instant pricing and
availability for flights worldwide. The application democratizes the
private jet industry by decreasing the entry price for consumers, and
helping air carriers’ gain more exposure within the market. By
eliminating the middle man when it comes to booking a private jet, this
app takes the process into the future with simplicity and ease. The
JetSmarter app is available for iOS and Google Play. For more
information, please visit www.JetSmarter.com.
Copyright Business Wire 2014