The Department of Work and Pensions (DWP) has selected Eiger Systems’ BANK WIZARD solution to support the introduction of Direct Payment for the payment of state pensions and benefits. The DWP is enhancing its computer systems in order to implement the Government’s policy of making Direct Payment into bank or building society accounts the normal method of benefit and pension payment. These include payments of the State Retirement Pension, Child Benefit, Incapacity Benefit, Disability Living Allowance, Income Support and Jobseeker’s Allowance. Automated payment systems, especially those that issue millions of payments per week, rely on the availability of accurate account details to minimise the number of erroneous transactions. Eiger Systems’ BANK WIZARD solution is available throughout the DWP intranet for use by all staff involved in administering automated payments.
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