CS Lucas has announced the deployment of a security infrastructure for the Singapore-based CAPS Continuous Linked Settlement (CLS) utility. CAPS (Clearing & Payment Services Pte Ltd) is a shared services utility created by Development Bank of Singapore (DBS), Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) to process CLS related messages on their behalf. Launched in 2002, CLS is designed to eliminate settlement risk in foreign exchange transactions by ensuring that both sides of the transaction are settled simultaneously. CS Lucas built the security infrastructure using components such as the RSA Authenticator device to create a ‘two-factor verification’ process that is to become mandatory in Singapore for large dollar corporate transactions. ‘Securing our data from both internal and external threats is one of the fundamental pillars of the CAPS service offering,’ said Denis Malone, Head of Operations & Technology at CAPS.
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