City Networks has announced the implementation of its CityNet Confirmation Matching (TRAM) module for HSBC’s regional treasury operations in the Middle East. The module removes the need for manual intervention, reducing transaction processing times, and eliminating the element of operational risk from the transaction lifecycle, said City Networks. The solution has been implemented in collaboration with City Networks’ Middle Eastern distributor, Euro Banking Solutions, at HSBC’s treasury operations regional office in Dubai, and serves operations in seven states in the Middle East: Bahrain, Egypt, Jordan, Lebanon, Oman, Qatar and the UAE. Prior to implementing the system, the confirmation matching process was mainly a manual procedure. Previously, incoming SWIFT and Telex payment and confirmation messages were being physically checked against information supplied by HSBC’s host system.
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