International Bank Account Numbers (IBANs) will be introduced across Europe by end of 2001. The IBAN is an internationally standardised bank account number with a fixed number of characters to identify the country and basic bank account number. The European Committee for Banking Standards (ECBS) has developed it so that cross-border payments can be processed faster and more efficiently. The IBAN will make automated processing of payments easier increasing the number of payments that are Straight Through Processing (STP) capable. It will also provide verification of the beneficiary account using a uniform check module.
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