GEORGETOWN, Cayman Islands, May 29, 2013 /PRNewswire/ -- DMS Bank & Trust Ltd. (DBT) has expanded the online banking capabilities of its award-winning banking services, giving hedge funds, institutions, family offices and other global banking customers an even faster and more convenient way to manage their banking accounts.
Through a strategic relationship with one of its AA rated financial service counterparties, DBT now offers real-time foreign currency capabilities via the bank's online portal. All foreign exchange transactions initiated online up to 4:00 PM EST, subject to currency and amount, will be processed the same day.
DBT offers all major currencies, providing a seamless way for banking clients to manage their bank accounts and transactions whether based in the U.S., Europe, Latin America, the Middle East or Asia.
When provided full due diligence information, DBT can establish bank accounts within 48 hours and provide secure, online 24/7 access anywhere in the world. By streamlining its payment processing, DBT allows payment cutoff times up to four hours later than at traditional retail banks. DBT offers a high standard of compliance, including sophisticated algorithms that assist in meeting anti-money laundering rules.
DBT is already recognized as a best-in-class provider, having received the Straight Through Processing award from Bank of New York Mellon. "We are delighted by the industry recognition, which we believe reflects our ongoing effort to provide first-rate service to our clients while maintaining a high level of personal attention. We are passionate about serving our clients with intensity and aspire to deliver institutional banking better than anyone else in the world," said Jazeb Jones, CEO.
ABOUT DMS BANK & TRUST LTD.
DBT is a specialist bank focused on providing Banking + Custody + Trust services to the offshore financial services industry. First licensed in 1972, it is the second-longest established bank in the Cayman Islands and is regulated by the Cayman Islands Monetary Authority.
Susan Conolly, Client Relationship Manager
DMS Bank & Trust
Wendy Furrer, Director of Marketing + Communications
DMS Offshore Investment Services
SOURCE DMS Bank & Trust Ltd.