SWIFT’s MA-CUG (Member Administered Closed User Group) offering has been endorsed by TowerGroup as ‘a great step forward in communications between banks and corporate customers.’ MA-CUGs were introduced by SWIFT to enable banks to communicate with their corporate clients in a secure and cost effective way. By connecting to their corporate clients through a MA-CUG, SWIFT member banks can leverage SWIFTNet as a distribution platform for their own business applications or services. According to TowerGroup, MA-CUGs provide clear advantages for corporate users. ‘By using this communications channel over SWIFTNet, companies have access to a reliable, secure private network with standardised security for all communications with all their banks (or at least those that choose to offer MA-CUGS). Their security systems would also be standardised, avoiding the need to maintain multiple systems that are proprietary to individual banks.’
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