Foreign exchange (FX) remains one of the most persistent friction points in cross-border payments. Volatile rates, opaque pricing, and manual processes can make even routine currency conversions time-consuming and resource-intensive, with limited visibility for both senders and beneficiaries.

Deutsche Bank’s AutoConvert service addresses this challenge by automating the FX conversion of eligible payment orders, ensuring funds are delivered directly in the local currency of the beneficiary’s account.

The solution, which had been in an active pilot with select clients since mid-January 2026, initially focused on day-to-day – and often lower-value – cross-border payment flows. Within just three months the conversion threshold was expanded, bringing much larger transactions into scope.

“The trust placed in the AutoConvert Service after just three months of the client pilot reflects the clear value it delivers in simplifying cross-border FX,” said John Foran, Product Manager, FX Payments, Institutional Cash Management at Deutsche Bank. “Building on this momentum, we are now focused on rolling the service out to FI clients who are looking to reduce manual intervention and gain greater transparency over their cross-border currency conversions.”

The AutoConvert Service was announced in September 2025 as part of the broader set of enhancements to dbX for FIs – Deutsche Bank’s umbrella suite of correspondent banking tools. It sits within dbXconvert, one of five core modules, and provides clients with enhanced transactional FX capabilities via the bank’s FX4Cash platform.

The service operates based on pre-agreed parameters between Deutsche Bank and the client. Payment instructions that meet both bank- and client-defined criteria, and do not trigger any exceptions, are automatically converted into the target currency via FX4Cash. The converted funds are then transferred to the creditor agent for settlement.

In doing so, AutoConvert streamlines cross-border payment processing, reduces manual intervention, and improves transparency and predictability in FX execution.

To learn more about how AutoConvert works – and the benefits it can unlock for FIs – please watch our latest video below.