ABN AMRO announced that has won mandates to supply third-party CLS services to three banks in Europe and the US. The bank’s services have been selected by Bear Stearns, Anglo-Irish Bank and Deutsche Postbank. ABN AMRO’s Global Transaction Services had previously supplied tested Continuous Linked Settlement (CLS) third party services across Deutsche Postbank’s global operations. ABN AMRO said it had won the Bear Stearns and Anglo-Irish mandates after a competitive pitch involving ‘all major providers’ of the new risk free settlement system for foreign exchange transactions. ABN AMRO was a founding shareholder of the CLS initiative in 1997 and last month was approved as a first wave Settlement Member of CLS Bank, launched on 9 September following authorisation from the Board of Governors of the US Federal Reserve System.
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