An agreement has been reached between SimCorp and Bank of America to acquire BA Swallow Business Systems. Swallow, a pioneer in treasury management systems and supplier to IT/2 has been supplying systems to the corporate treasury market since 1983. Bank of America decided to sell Swallow following a strategic internal review, which concluded that product development activities within Swallow could be more appropriately undertaken by a specialist financial software development company. For SimCorp the acquisition of Swallow will significantly increase its share of the treasury management systems market. Internationally, the transaction creates a critical mass for SimCorp in markets that it already serves, including Europe and the Middle East. Furthermore the transaction opens new international markets in North America and South East Asia.
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