ABN AMRO is offering testing facilities to banks wishing to participate in Continuous Linked Settlement (CLS) as Third Parties. CLS is designed to eliminate settlement risk between eligible currencies1, which make up some 85% of the world’s FX transactions. John Gibbons, Head of Global Transaction Services, Financial Institutions & Public Sector at ABN AMRO, said: ‘We believe that the best approach for aspiring Third Parties is to learn by doing. We are now in a position to offer an end to end testing facility, and we have chosen to make that available to the third party market.’ Banks using ABN AMRO’s testing facilities will be under no obligation to use the Settlement Services of the bank once testing is completed.
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