A host of Internet-based payment services will be provided, by ABN AMRO Bank, to companies buying and selling on any of the global business exchanges set up by bex.com. bex.com has already established two such exchanges — IBEX for Southeast Asia (in collaboration with DBS Bank of Singapore) and UBEX for Greater China (together with Ho Yeh Investment Co. Ltd, a member of the Koos Group in Taiwan). Last month, IBEX and UBEX were linked together to provide seamless trading between companies in the two regions. More such exchanges are being set up for the Americas (ABEX), Europe (EBEX) and Japan (JBEX) this year and they will be linked to form a global e-commerce network offering a complete and secure trading environment. Companies which perform procurement and other business transactions on a global scale, can effect centralised payments through ABN AMRO Bank for transactions made at any of these business exchanges. Companies can choose to make payments using a wide range of instruments, including account to account transfers, letters of credit and telegraphic transfers.
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