Trade Direct Services provides straight-through processing for the full range of international trade products including import, export and standby letters of credit, collections and purchase order processing, with a phased approach. With this new service, Bank of America will also be able to deliver critical information through extensive activity reports and efficient inquiry capabilities. This new service also eliminates the need to download or install software or new enhancements in the client shop, as Trade Direct Services runs on the bank’s server. Bank of America Direct employs a combination of security standards in the market today: digital certificates, 128-bit Secure Sockets Layer (SSL) connection protocol and firewalls. Trade Direct Services adds to this the ability for clients to manage user entitlements to specific functions and information. On February 4, 2002, Trade Direct Services for exports and collections became available to Bank of America clients in the U.S., with availability of these services in Asia in the near future.
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