SEB has become the 18th CLS Settlement Member bank to select Fundtech’s PAYplus for CLS software. SEB will use the solution to manage its CLS operation and obligations to the CLS Bank, as well as to offer third-party services via the PAYplus for CLS solution. As a settlement member, SEB has a multi-currency account with CLS Bank and can submit settlement instructions directly to CLS Bank and receive information on the status of their instructions. SEB will use the PAYplus for CLS solution to interface to the new Continuous Linked Settlement (CLS) Bank for settlement of foreign exchange (FX) trades. CLS Bank is set-up to eliminate settlement risks that are associated with foreign exchange trades. PAYplus for CLS provides an integrated solution for CLS Settlement Members to process their own transactions as well as to offer FX settlement services to User Members and Third Parties.
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