Fortis Clearing, a wholly owned subsidiary of Fortis Bank, is to implement City Networks CityNet Enterprise Reconciliation (Insight) product. Fortis Clearing will employ Insight to reconcile its open positions, open trades, open trade equity and option market value in the company’s London office. Fortis Clearing expects to reconcile over 150,000 internal records, and a similar number of exchange records each day, with the Euronext.LIFFE and Eurex exchanges. Once reconciliations with other exchanges have been automated the company expects daily reconciliation volumes to exceed 500,000 records. As well as the benefits of increased automation and standardised reconciliation, Fortis Clearing will also receive improved exception reporting and a number of user functionalities, including access to audit control and management capabilities.
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