Deutsche Bank has recently introduced EverOn, a global payment solution that permits clients to conduct USD-denominated cross-border book transfers on any day of the year.
This service will ensure payments can be made even outside regular business hours and public holidays, with live operations scheduled for the end of October. Deutsche Bank aims to address the growing demands from its institutional clients, who require faster, more dependable, and constant payment capabilities.
‘Always-on’ transaction processing
EverOn seeks to eliminate traditional banking operational constraints such as working hours, cut-off times, and holiday closures. It provides clients with 24/7/365 access to cross-border transactions when market infrastructure is available. The second phase of this program will encompass euro payments.
The solution enables institutional clients to process USD book transfers, enhancing liquidity management through better settlement readiness. It ensures that transactions are executed according to the demands of both parties involved in the transaction. EverOn covers regions including the APAC, Middle East, Europe, and Americas, supporting seamless integration with ISO 20022 standards and ensuring enhanced automation, interoperability, and transparency across various markets.
With cross-border payments becoming more similar to domestic real-time systems as per client expectations, EverOn helps financial institutions, corporations, and investors achieve ‘always-on’ payment services that open up new opportunities. The launch strengthens Deutsche Bank’s presence in clearing and correspondent banking while aligning with the G20 framework for faster, cheaper, and universally acceptable cross-border payments.
Additionally, Deutsche Bank is integrating Wero into its offering through its Merchant Solutions division to accept A2A digital payment solutions across participating countries like Germany, Belgium, France, the Netherlands, and Luxembourg. This integration provides clients with a modern European alternative to current international payment systems.
