The scope of the relationship with the world’s largest multilateral development bank includes euro and other currency payments, investment services, treasury services, foreign exchange and derivatives. ‘Our global approach will reduce the number of banking relationships and resulting account statements that The World Bank must reconcile, from 15 to 20 banks in most Euro zone countries down to one,’ said Oliver Moss, senior sales officer, Global Treasury Services – International Government. ‘Our consolidated service will give The World Bank more efficient account reconciliation, increase operational and cost efficiency and provide centralized customer service – on one global platform. It will have one access point for its accounts in the Euro zone,’ Moss said. In addition to the euro account, Bank of America will also maintain an operating account for The World Bank’s new accounts payable processing center in Chennai, India.
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