Financial Resource Management software provider Bottomline Technologies has joined the Euro Banking Association (EBA), the body that manages how banks make euro denominated payments. An announcement by Bottomline said the EBA would draw on the firm’s expertise to help deploy a pan-European Automated Clearing House (ACH) payment system. Bottomline has experience in developing the kind of payment, validation, authorization, warehousing and routing technology that makes deploying and running international ACH platforms easy. Established in 1985 to create a uniform payment system for European banks, the EBA now manages high-value and low value payment systems across the European Union (EU) and includes banks from all EU member states, the US, Japan, Norway, Switzerland, Australia and China. The EBA has set an objective to establish an affordable, uniform pan-European bulk payment system (known as STEP 2) that reduces the cost of low-value, high-volume ACH payments between banks in different countries.
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