The combined company, which serves both regional and multinational corporations, becomes the world’s largest cash management, treasury management and electronic banking software provider. In a transaction valued in excess of $25 million, XRT shareholders contributed 100 percent of their shares in exchange for Cerg Finance common stock representing 17.75 percent pro forma ownership in the combined company. The new company will be known as XRT Cerg Finance S.A. It has approximately 425 employees from offices in 22 countries and boasts over 11,000 clients in 51 countries. The United States subsidiary, headquartered in Wayne, Pa., will be known as XRT Cerg Finance America, Inc. The company is listed on the Paris Stock Exchange.
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