This seamless interface eliminates the need for clients to spend time and money developing their own interfaces in order to link their enterprise system to their bank. The new software, ‘Bank of America Enterprise Gateway’ , is one of the first software applications allowing clients to transmit payment and collection orders directly from their SAP R/3 solution to the bank and to automatically accept account reconcilement information from the bank. ‘By providing a single ‘gateway’ to the bank’s global payments and collections networks, Enterprise Gateway will provide clients with improved connectivity with their financial institutions,’ said Keith Tayler, Vice President Product Development-Information Technology, Bank of America Global Treasury Services. ‘This seamless interface eliminates the need for clients to spend time and money developing their own interfaces in order to link their enterprise system to their bank.’
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