The Association for Financial Professionals (AFP) has expressed its support of the Business Checking Freedom Act (H.R. 1009), which would eliminate an outdated banking law that prohibits banks from paying interest on business checking accounts. Such restrictions also make commercial banks less competitive in serving the financial needs of many business customers. Some banks sweep sterile checking account funds on a daily basis to money market deposit accounts or other earnings instruments. These systems are cumbersome and costly for smaller banks and savings institutions to operate, which in turn, can impede their ability to compete for business checking accounts. Small businesses also may find it difficult to obtain the benefits of efficient use of funds often available to larger and more sophisticated businesses.
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