Bank of America’s Global Treasury Services (GTS) division announced that Trade Direct Services, its Web-based international trade activity management product, is being piloted in Asia and will roll-out to the greater marketplace later this year. Trade Direct Services is the latest component of Bank of America Direct, a transaction and information platform that allows clients to manage payments, receipts and treasury activity via the Internet. The addition of Trade Direct Services to this existing platform will provide a new level of integration between treasury and trade services for Bank of America clients in Asia. Trade Direct has been given preliminary approval for use in Hong Kong and Singapore. Bank of America expects approval for implementation in other Asian countries in the near future. Trade Direct Services will provide straight-through processing for the full range of international trade products including import, export and standby letters of credit, collections and purchase order processing, adding additional functionality with a phased approach.
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