The introduction of a single European currency is presenting organisations around the world with opportunities and challenges. Under liquidity services, cross-border target balancing is now available, enabling corporate treasurers to consolidate various national currency units (NCU) and the euro into a single position, delivering interest optimisation. This concentration also simplifies the management of funds across the various countries. A second product is Citibank’s euro WorldLink – a unique solution providing a single window access to all payment systems across Europe. WorldLink provides the ability to draw both euro and NCU cheques throughout the euro zone, as well as wire transfers through single funding. Finally, Citibank’s integrated receivables offering, covering ‘three into one’ processes, has been packaged to deliver the most effective solution to manage customers’ accounts receivable business.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more