Deutsche Bank Wins Global Cash Management Mandate from JetSmarter

Deutsche Bank today announced its appointment as global cash management bank for JetSmarter, a mobile application that gives flyers access to the largest private aviation marketplace in the world.

As part of the agreement, JetSmarter gains access to Deutsche Bank's unique technology, providing them with a single access point for their cash management operations. JetSmarter will benefit from Deutsche Bank’s advanced cross-border payment capabilities and global footprint across the US, EMEA and Asia, as well as the Bank’s enhanced payment reconciliation capabilities. This custom solution also delivers Deutsche Bank’s full FX capabilities to JetSmarter allowing for payout in over 130 currencies and collections in 40.

"As JetSmarter’s services expand worldwide, Deutsche Bank will enable our company to operate at all hours of the day from any location,” said Gennady Barsky, Chief Financial Officer of JetSmarter. “With global cash access to 132 currencies, we can now offer seamless payment options for our customers and vendors around the world.”

“Deutsche Bank continues to deliver leading treasury solutions that empower technology driven companies to meet the challenges and complexities of international growth,” said Martin Runow, Head of Cash Management for Corporates, Americas, Global Transaction Banking at Deutsche Bank. “JetSmarter and its users will benefit from our extensive global network, robust payments architecture, and the full support of our universal banking model.”

Deutsche Bank is well-recognized for its cash management capabilities for corporates as well as its robust FX platform. The Bank was ranked as a top three international cash management provider for corporates in Euromoney’s 2014 Cash Management Survey and has ranked as a top three FX bank in Euromoney’s FX poll for over 10 years.

About Deutsche Bank Global Transaction Banking

Global Transaction Banking (GTB) provides commercial banking products and services for both corporates and financial institutions, including domestic and cross-border payments, risk mitigation, international trade finance as well as trust, agency, depositary, custody and related services. It comprises the Corporate Cash Management, Trade Finance and Institutional Cash & Securities Services businesses.

About JetSmarter

JetSmarter is a mobile marketplace that offers instant pricing and availability for flights worldwide. The application democratizes the private jet industry by decreasing the entry price for consumers, and helping air carriers’ gain more exposure within the market. By eliminating the middle man when it comes to booking a private jet, this app takes the process into the future with simplicity and ease. The JetSmarter app is available for iOS and Google Play. For more information, please visit www.JetSmarter.com.