NatWest Hopes To Save $1 Million Annually On Charge-Back Costs
BANKS
NatWest Markets anticipates as much as $1 million annually in charge-back savings for its forex division, now that it has brought its back-office operations in-house with the help of middleware from Mint Communications Systems, say bank officials (Trading Systems Technology, April 28).
Savings are expected to come from eliminating the outsourcing of the bank's funds transfer business to the Federal Reserve's Fedwire system and CHIPS. Instead of outsourcing, NatWest can use the Mint software to
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