Germany’s HVB Group has purchased City Networks’ CityNet Conversation Checker for implementation at its London branch. According to City Networks, the solution will verify 700 Reuters conversations a day, from several Reuters servers. The platform will aid STP by allowing automation and improved control of conversational dealing. The system automatically generates a deal ticket for trade conversations, whilst capturing and storing all conversations electronically. It also records all system actions and events, according to City Networks. Prior to purchasing the CityNet Conversation Checker solution, HVB Group UK employed an electronic repository for its Reuters deals and conversations. This allowed for the conversations to be stored but not automatically checked. John Bevil, from the FX and MM Settlements Department at Hypovereinsbank, commented: ‘The importance of a fully automated and audited conversation trail is a priority in improving the quality of our conversation deal process. The reduction in risk, manual effort, and duplicity of operations associated with installing the product is of utmost value in increasing our STP 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