Empire Corporate Federal Credit Union (Empire Corporate) and SVPCo have agreed to formally cooperate on establishing system connectivity to allow for electronic exchange of check data and images between their clients’ financial institutions. The two organisations will work together to exchange electronic check presentment data and images for both forward and return presentments. Electronic check image exchange will create operational efficiencies for financial institutions and reduce industry-wide operating costs by an estimated $2.1 billion annually, according to a study conducted in cooperation with the SVPCo owner banks. Eliminating dependency on paper will improve operational efficiencies while providing further stability to the United States payment system in the event of any disruption to the transportation 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