SimCorp is planning to undercut rival vendors with the release of IT/2 Choice, the first corporate treasury management solution available with a free two months’ trial and without the charge of an initial license fee. The new service offers the same range of functionality as SimCorp’s flagship IT/2 system, but deliberately targets corporates that have previously shied away from the high licence fees and add-on consultancy and implementation costs traditionally associated with purchasing a TMS. SimCorp say they are able to do this by reducing their own cost of sale and passing the savings to customers. IT/2 Choice modules can be ordered on a trial basis from SimCorp’s website; if the trial is successful, an implementation and maintenance fee, but no license fee, is levied. Patrick Coleman, director of sales and marketing for SimCorp IT/2, said: ‘Like everyone else, we have traditionally gone through a long sales process, which is costly for both parties and the purchaser gets only a demonstration of the system. We are now so sure that treasurers will be convinced by the immediate benefits once they have tried IT/2 Choice that they will want to have it fully implemented.’
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