The Clearing House and The Chicago Clearing House have signed a letter of intent to pursue a merger of the two organizations. Both organizations are owned by leading banks and serve as industry forums on issues critical to the banking industry. ‘This merger is consistent with the banking industry’s desire to standardize and rationalize industry infrastructure and associations,’ said Jeff Neubert, President and CEO of The Clearing House. ‘It sends a clear signal to the industry that the time has come for clearing houses and check exchanges across the United States to adopt common rules, common settlement, and ultimately common banking industry ownership and governance,’ he added. ‘This proposed merger reflects the fact that the banking business has changed from regional to national, from paper to electronic, from separate to consolidated,’ said Robert Fitzgerald, President of The Chicago Clearing House.
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