Software provider TFP’s International Bank Account Number (IBAN) and Global Payment Files have been added to Bottomline Technologies’ banking solution. This addition provides the ability to automate the processing of cross-border euro-denominated payments allowing Bottomline customers to make European financial payments through WebSeries SWIFT messaging, according to the company. ‘To comply with new payment initiatives for more efficient and lower cost cross-border European settlement, banks now require payment instructions to contain additional and more structured financial information,’ said Marcus Hughes, Head of Banking for Bottomline Europe. ‘Combining the payment preparation and validation capability from the Bottomline solution with the reference data provided by TFP, corporations and financial institutions can now clear payments on an STP basis across 25 European countries,’ Hughes explained.
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