Bank of America Merrill Lynch says the Multi Bank Cash Concentration (MBCC) feature that it recently launched on its Global Liquidity Platform will allow companies that use a number of different banks, whether local or international, to automatically have the balances held at all of their banks included in a single cash concentration structure operated by B of A. The bank notes that MBCC's flexible intraday settings allow companies to move funds during the day using real-time balances and enhanced sweeping. MBCC transactions are visible via B of A's CashPro Online treasury management portal.

Reval, the treasury and risk management software provider, says it is partnering with Fides Treasury Services, a SWIFT service bureau and SWIFT member concentrator that has more than 320 corporate clients. Reval's clients can now use Fides to connect with banks without leaving the Reval environment, which the company says will enhance the straight-through processing provided by the latest version of its software, 11.1.

Royal Bank of Scotland has rolled out a Liquidity Solutions Portal (LSP) that gives companies a platform on which to view and control cash balances in multiple currencies in real time. LSP offers information on all of a company's operational and investment balances and rates, and RBS customers can also use the platform for cash forecasting, to execute and redeem investments, and to make liquidity management decisions.