A new Euro bank-to-bank reimbursement processing system has been installed by JPMorgan Treasury Services in its Bournemouth, U.K. operations centre. This proprietary system integrates Euro and USD reimbursement processing on the same operating platform, allowing dual-site processing capabilities, including common service standards, pricing parameters and functionality. ‘This new system provides a dynamic platform to further integrate Trade and Cash Management product capabilities, as well as deliver vital information to clients in ways that offer greater time and cost savings,’ said Paul Simpson, Global Head of Trade Services. The new system, which relies on Web-based ‘thin client’ technology and possesses automated data mapping capabilities, is designed to provide straight-through processing, automated discrepancy tracing, automatic debit and credit advising and automated pre-debit notification messaging. In addition, this system offers an interface to JPMorgan’s Trade Information Exchange (TIE) 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