Announcing a ‘strategic change of direction’, US-based electronic payment technology supplier Actrade has created E-TAD Clearing Center, to provide payment, settlement and data management services. Actrade will now focus on the licensing of its payment processing technology through strategic alliances and to financial institutions. The ECC will provide these processing services to third party banks, corporations and financial institutions that private label Actrade’s payment processing technology. Actrade will continue to originate E-TADs (electronic trade acceptance drafts), but will focus on high quality credit risks while also marketing the ECC’s centralised processing capabilities. Actrade intends to increase the percentage of E-TADs sold to third parties without recourse from its current level of approximately 66% of originations last quarter.
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