Chase introduce TradeDocSM to the Asia-Pacific region. Electronic trade documents replace paper ones, and exporters can outsource the preparation of these documents to Chase, via a secure Internet connection. It can dramatically reduce the time and associated risks involved in document preparation, according to John Zutter, managing director and head of Global Trade Sales for Chase. Depending on the market, an exporter can save up to 10 days on document preparation and delivery, resulting in quicker payments and earlier funds accessibility. TradeDoc enables exporters and other parties involved in the preparation of trade documents to communicate with Chase using EDI through the Internet or through third party networks. Chase then creates electronic documents and uses them to accelerate the negotiation process. This is a significant innovation in trade document outsourcing and negotiation because it facilitates communication among all parties to the transaction over an open communication system so that parties don’t have to limit themselves to a proprietary electronic banking system.
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