The bulk payments service enables the import and subsequent mapping of payment files from all enterprise (ERP) and treasury systems, allowing the secure transfer of payments. It also provides for acknowledgments of payments, collection of data from the bank and balance and transaction data retrieval. The Bulk Payments Service of ‘iGlobal Banker’ enables banks to interface in a real time manner as well as file loads, on a store and forward basis. If a corporate customer presents a multi-country file (e.g. a mixture of domestic and cross-border payments), it is passed through the Bulk Payments Service onto the ‘iGlobal Translator’. The iGlobal Translator ensures the payment file(s) are translated into a bank-accepted local format, before they are sent to that bank. The transactions will also be split into domestic and cross-border payments, ready to be processed. This ensures the banks and their corporate clients have the flexibility to process all payment types.
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