A new payment standards initiative has been launched by seven global banks and other organizations involved in harmonizing messaging between corporates and banks. Facilitated by Gatner, the International Standards Team Harmonization (ISTH) includes representatives of banks, technology vendors and the standards organizations IFX Forum, OAGi (Open Applications Group), SWIFT (Society for Worldwide Interbank Financial Telecommunication) and TWIST (Treasury Workstation Integration Standards Team). ISTH is focused on creating a single Core Payment XML ‘Kernel’ that can be used globally by any corporation and any servicing bank. RosettaNet has also endorsed the ISTH’s direction. The IFX standard is now in its fifth release and has been designed specifically for interoperability of systems seeking to exchange financial information internally and externally. release and has been designed specifically for interoperability of systems seeking to exchange financial information internally and externally.
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