The Royal Dutch/Shell Group of Companies’ (Shell) Treasury Centre East has awarded Standard Chartered Bank a major cash management contract that covers ten markets across Asia and the Middle East. In its role as primary bank and in coordination with its network of correspondent banks Standard Chartered Bank will deliver local currency cash management services, including cash concentration, payments and collections to Shell’s network of wholesale and retail operations. The contract was awarded after a ‘rigorous’ six-month selection process. Under the agreement, Shell and Standard Chartered Bank will implement a host-to-host communication link to transfer all settlement instructions, remittance information and bank statements in harmonised format. To effect this, Shell plans to leverage its existing bank communication infrastructure put in place to service a similar initiative in Europe.
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