CIGNA Corporation, the publicly-owned employee benefits organization, is to use XRT’s Enterprise Suite Solution as part of its effort to integrate treasury activities between the firm’s locations around the U.S.. Implementation of XRT Enterprise Suite will replace CIGNA’s existing treasury workstation and facilitate a ‘self service model’ for their internal treasury customers. The project will commence in the U.S. with a potential roll out to additional treasury centers around the globe. The overall goal of the project is to create what is known as a ‘self service model’ where each CIGNA field office will be able to operate as an extension of central treasury without compromising the security and control of financial flows throughout the organization. XRT Solution will facilitate the remote online input and approval of EFT (Electronic Funds Transfer) requests creating a straight-through process between CIGNA, its banks, the new treasury management system and its corporate general ledger. Additionally, the new environment will provide an online view of acknowledgments, and transaction reference numbers along with views of account balances and activity.
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