After concluding a successful pilot phase with both BP Amoco and a Chevron Joint Venture (Tengizchevroil), Citibank is making a new service – Automated London-to-New York Target Balancing — available to its corporate customers worldwide. The new London-to-New York Target Balancing service allows customers to automatically move end-of-day US dollar balances in their London-based dollar accounts to New York-based US dollar accounts with same day value. Customers are able to specify a ‘target balance’ (which may be zero or other amount) such that funds will automatically be moved from London to New York to achieve their specified target balance. Either a debit or credit balance may be moved.
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