The Worldwide Automated Transaction Clearing House (WATCH), a banking industry-owned company that is developing a low-cost electronic system for batch-based international payments, has selected SWIFT to provide the payment processing engine of the WATCH system. The WATCH payment engine will receive a payment file from a sending bank in either that bank’s national payment system format or an accepted international format. The engine will then convert the file into the formats of the destination countries and distribute the payments to the local clearing systems. WATCH has selected NACHA – The Electronic Payments Association to provide administrative support for the WATCH company.
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