Citibank announced a new, late-day sweep service to complement its offering of investment and liquidity products for corporate treasury management. With the new program, available balances are swept from the customer’s Citibank New York account at 4:45 pm EST daily and invested – on a same day basis – into CitiFundsSM Institutional Cash Reserves. Excess balances remain fully invested until they are needed to cover overdrafts in the customer’s operating account – at which time they are redeemed. This late-in-the-day timing enables treasurers, especially those situated on the West Coast U.S., to capture more of their true daily cash position.
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