The National Check Exchange (NCE), a new check exchange business recently formed by The Clearing House and 35 banks, operated its first exchange this week in the northeastern United States. The National Check Exchange has developed standardized rules and common functions such as a transportation network, and aims to attract new participants due to ‘cost effective clearing methods as alternatives to those of other check clearing venues’. The National Check Exchange initially consolidates three existing check clearinghouses in the Northeast: The Clearing House, The Liberty Clearing House (formerly the New Jersey and Philadelphia clearinghouses), and the Northeast Regional Check Exchange-Long Island. It is now the largest regional check exchange in the US, averaging 4.3 million items for $7.8 billion per day and will continue to expand. The National Check Exchange offers consolidated operations and shared services, including a transportation network and 24/7 customer service as well as a single settlement and consolidated returns processing among all members.
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