The Organisation for Economic Cooperation and Development has chosen JPMorgan Treasury Service to manage its international banking operations. JPMorgan TS will help drive the OECD’s financial reform programme by consolidating global bank accounts, automating treasury functions and developing a more sophisticated cash management system. In order to comply with the Secretary-General’s drive to streamline operations and cut banking fees, the OECD took the strategic decision to consolidate its international banking operations with a single provider that had extensive experience working with international organisations. JPMorgan TS will work with the OECD to develop a cash management system, linked directly to the SAP accounting system, that can also handle all standard treasury functions: domestic and international electronic banking services, automatic bank reconciliation and multi-currency cheque writing ability. The OECD cited JPMorgan TS’ sophisticated product line, experience with international organisations and meticulous approach to implementation as key factors in the selection.
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