JPMorgan TS has launched a multi-currency notional pooling service. The service is a high value option for banks and non-bank financial institutions to optimize their end-of-day currency positions across euros and U.S. dollars, according to the company. The bank stressed that no interest is charged on self-funded cross-currency positions and there are no physical conversion of currencies. Individual currency positions remain unaltered. In addition, the bank has made available an enhanced Secure Collections Service (SM) as part of its integrated capability for US dollar check deposits. The solution leverages technology to improve early fraud detection, speed return notification and enhance efficiency, while accelerating the check collection process and providing certainty around payment timing.
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