RBSI enhances eQ

RBS International has launched a brand new enhancement to eQ, its online electronic banking system which offers clients a single platform from which they can conduct payments and handle their cash management needs. The introduction of the Money Market Deposit functionality will enable clients to manage their deposits via eQ, as well as having the ability to place live Money Market Deposits.

This is the most recent, in a series of significant developments, to the e-commerce capabilities of eQ, and follows an earlier enhancement offering clients direct access to the foreign exchange markets.

Since its introduction in 2000, the eQ system, developed for offshore clients by an offshore team of IT and banking specialists, has attracted more than 30,000 individual users across the Channel Islands, Isle of Man and Gibraltar. The recent developments will enhance clients' audit and internal controls, providing additional safeguards in monitoring the size, timing and execution of trades.

Equity Trust in Jersey has been one of the first clients to make use of the enhanced services. Sean Le Beuvant, Manager of Investor Services, commented:

‘It reduces administrative tasks and makes dealing more efficient giving us more time to focus on our clients. The additional functionality enables us to deal more quickly and all the necessary data and pricing comparisons are on the screen in front of our team.'

Tim Dunn, Director of Corporate Banking Services, at RBS International added:

‘eQ has been continuously upgraded since its launch 12 years ago enabling it to remain an innovative technology and this further investment enables our corporate clients to have more control and helps them to make their trading decisions more quickly.'