TWIST is a working group of several companies formed and led by the treasury operations department of the Royal Dutch/Shell Group that is focused on creating standards to facilitate an open dealing marketplace for foreign exchange. The companies involved will drive initiatives to achieve interoperability and standards between corporate treasury operations and their banks, enabling the efficient and controlled integration of treasury solutions with financial marketplaces. TWIST is an open taskforce that meets regularly. In promoting open standards for all market participants, the TWIST team, although competitors in some cases, have agreed to a set of well-defined processes within a defined timeframe. Elements TWIST has reviewed include: trade requests, incorporation of multiple trade participants, non-bank counterparty identification and settlement information. TWIST members include Alterna Technologies Group Inc., Barclays Capital, Currenex, Inc., Integrity Treasury Solutions, PricewaterhouseCoopers, Richmond Software Limited, SAP, Selkirk Financial Technologies Inc., Shell, SimCorp, Trema, XRT and Wall Street Systems.
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