
To enhance the financial institution’s local and foreign correspondent relationships, manage Nostro and Vostro accounts, support internal committees, and drive institutional sales while ensuring compliance and facilitating worker remittance services and international settlements, including becoming a settlement member of CIPS by partnering with Chinese banks.
To establish the financial institution as a leading player by forging key correspondent relationships with foreign banks, MFIs, NBFIs, insurance companies, and FinTech companies, while fostering a culture of excellence to enhance organizational performance and inspire employees.
To forge strategic partnerships with stakeholders to advance deposit and credit facilities while achieving optimal operational efficiency and cost-effectiveness in both local and international transactions.
FI Dept. initiates suitable (3) Correspondent Banks in the desired Asian Countries such as Thailand, Cambodia by using THB, USD and Nostro Accounts based on factors like reputation, reliability and transaction volume for various international transactions.
Moreover, FI connects with other banks and multilateral agencies for future new steps to provide various banking services to Financial Institutions, Micro Finance Institutions, Non-Bank Financial Institutions and NGO/INGOs to manage the foreign exchange, settlement, liquidity and interest rate risks.
FI Dept. engages and makes collaboration with Microfinance Institutions (MFIs), Non-Bank Financial Institutions (NBFIs), Remittance Agencies, FI counterparties, and potential customers to reach the goals of –
MTB has established a valuable partnership with Siam Commercial Bank (SCB), Thailand, expanding our international network and strengthening our global presence. Additionally, our collaboration with Money Gram for international and workers’ remittances to provide efficient and accessible financial services to our customers.
To embrace digital innovation and enhance the banking experience for our clients, ICT Dept. starts to try for mutual businesses with foreign digital partners like UPI, WeChat, etc. by using International Payment Gateway for future settlement of our customers.
FI Dept. introduced and MTB has forged strategic partnerships with Dinger, JITS, OK$, MyTel, Quick Food, Hayman Micro Finance, and Mahar Bawga Finance companies to integrate our digital banking and agent banking ecosystem. These collaborations will enable us to offer a comprehensive range of digital financial services and expand our footprint in the digital banking landscape.
FI Dept. engages, connects and supports with Treasury Dept. and IBD Dept. in order to effectively showcases our Treasury and International Banking Services and offers to a global audience.
FI Dept. contributes these (2) departments especially
FI has already exchanged RMA with (1) Foreign Bank (SCB Bank, Bangkok) and (19) Local Banks for local and international banking business transactions.
FI Dept. makes Annual KYC Review with Local and Foreign FIs two times a year for several reasons:
It serves as a cornerstone for a stable and trustworthy financial system.
By doing so, specific benefits of Annual KYC Reviews such as Risk Mitigation, Regulatory Adherence, Enhanced Customer Confidence, Improved Governance and Operational Efficiency reflect FI’s prestige.
By strategically investing into our people, technology and governance, MT B has developed a trusted reputation within the community, establishing local and international partnerships to progressively move forward.
Please Contact:
MTB Financial Institutions Department,
fidepartment@mtb-bank.com