Siemens China implements Deutsche Bank cash ROBO
Deutsche Bank and Siemens deepened their cash management relationship by implementing a Robo structure, adding to their existing multi-bank Pobo operations in country.
On August 27, Siemens and Deutsche Bank (Deutsche) announced that they had implemented a Receivables on Behalf Of (Robo) solution for Siemens Financial Services (SFS) in China, adding to its existing Payables on Behalf Of (Pobo) they operate with both Deutsche and HSBC.
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