Ingram Industries uses link from Selkirk’s Treasury ManagerTM workstation to send wires over Internet to Bank of America. This new link employs leading-edge technology to allow Selkirk customers to securely transmit Fedwire payments directly from Treasury Manager(tm) to their bank. Through Selkirk’s payment link, Ingram transmits encrypted Fedwire payment information to the bank using Internet file transfer protocol (FTP). Upon receipt of Ingram’s file, the bank verifies the payment information and sends it to the Federal Reserve. Within minutes, the bank sends Ingram confirmation via the Internet that the payment has been successfully completed, including the Fedwire reference number. By using this advanced link, Selkirk corporate customers achieve a much faster and more reliable means of releasing electronic payments to the bank. Equally important, by issuing electronic payments such as trade settlements and forecasted payments directly from Treasury Manager, treasury operations can eliminate the costly and error-prone re-keying of data.
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