Bank of America announced the implementation of a new service that allows corporations to send global payment origination instructions directly from internal SAP systems to Bank of America. Celestica, a global leader in the electronics manufacturing services (EMS) industry, will be the first to use this new feature to initiate payments. Celestica will use SAP intermediary documents (IDocs) to send global payment origination instructions from its SAP platform directly to Bank of America, bypassing the need to convert information into EDI or banking formats because all translation is now done at the bank. This service encompasses both U.S. and international payment systems. In addition to payment origination, Bank of America is working on additional interfaces for clients using SAP, including information reporting and receipts processing.
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