The World Bank’s Treasury Department has announced the rollout of a major back office system supplied by New York-based Summit Systems, a subsidiary of Misys plc. Supporting a wide range of instruments-bonds, money markets, repos, mortgage-backed securities, interest-rate derivatives, futures and listed options-the new back office system provides the infrastructure necessary for the bank’s proprietary trading activity, third-party trades, and other investment activities. The new back office system is part of a continuing and successful partnership between The World Bank and Summit, which began in 1997 when Summit front-, middle-, and back-office modules were deployed to support the funding operations for the two largest members of The World Bank Group: the International Bank for Reconstruction and Development (IBRD), and the International Finance Corporation (IFC).
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