Oslo-based banking software developer CBA has been chosen by Aktia Savings Bank to supply its IBAS Global Payment Factory. CBA will also provide applications for international payments, trade finance and accounting and general ledger. Installation of the IBAS Global Payments Factory has already begun, and the system will be running in the bank within six months. This step-by-step delivery and installation, which will see the Global Payment factory in place by Summer 2003, concludes with the remaining applications entered into production by the end of the year. According to Janina Grønholm, Aktia Savings Bank Manager, banks need to accept the development of the single European payment area. ‘As revenues from payments will inevitably decrease, we have to focus on internal processes, and find straightforward cost saving solutions. We saw quickly that we had to focus on STP for our cross-border transactions, initially looking at our operating costs to see how these could be reduced,’ said Grønholm.
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