Following a collaboration with Nordic Financial Systems (NFS), SEB Merchant Banking has implemented a system offering foreign exchange execution to its corporate clients via their TMS. Electrolux has become the first company to implement this solution, which the bank claims will achieve a full e-channel/service for FX execution, confirmation and settlement. The solution employs NFS’ e-Deal Router which allows FX transactions to be executed in real-time between different systems by detecting a possible transaction in the clients’ treasury management system and routing and processing them via the Trading Station Interface. SEB and NFS integrate the information from clients’ existing treasury management systems in order to automate FX dealing from back to front office. The back office will reconcile account statements and payment instructions and automatically generate individual trades.
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