UK banks have substantial opportunity to improve document production efficiencies, according to a report commissioned by Pitney Bowes Management Services. The report found that around EUR 878 million of document production could be made less costly and more productive through outsourcing to a third party. Across larger British companies, the document production market is worth over 38 per cent of the IT market. IT has been subject to major outsourcing efforts, with a current market penetration of 28.32 per cent, whereas document outsourcing is less than half of this penetration level at 11.8 per cent. At over 22 per cent, document outsourcing penetration levels in the US are double those in the UK and rising, said the report.
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