The Federal Home Loan Bank (FHLB) Boston is to implement Summit’s system to manage the bank’s investment and funding portfolios along with its associated hedging activities. A phased rollout will be conducted with the assistance of Summit’s Consulting Services Group and is planned to conclude in Q4 of 2004. The new integrated software platform will provide the bank with a real-time STP environment that includes trading, risk management and back-office processing support for a wide array of fixed income securities (including mortgage-backed), money market instruments and interest-rate derivatives, according to Summit. Commenting on the decision, Kelly LaCava, Vice President Information Technology at FHLB, said: ‘The operational inefficiencies associated with operating and maintaining a number of product-specific applications is undesirable for any bank. We needed to simplify our processes and environment by standardising on a single front-to-back STP software platform.’
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