HSBC has been chosen by FleetBoston (Fleet) as settlement bank for its FX continuous linked settlement (CLS) trades. HSBC is settlement member for Fleet for the processing of over 100,000 eligible FX transactions annually, and processed its first transactions for the US bank on 25 June 2003. Fleet’s CLS steering committee included representatives from the bank’s FX operations, audit, risk management and legal departments. During the selection process each candidate’s response was weighted on a scorecard that evaluated current and future service, systems architecture and functionality, pricing and liquidity, implementation support and continuity capabilities. HSBC was rated top among the four banks short-listed from the initial list of candidates.
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