IBM has launched Wholesale Payment Solution, an initiative that combines software, hardware and consulting services to enable financial institutions to upgrade and customise their payments systems. The solution is intended to help financial institutions decouple existing payments systems and processes into individual business components, in order to consolidate duplicated functionality and processes. ‘Through a combination of business transformation outsourcing and in-situ re-engineering, [companies] can then reintegrate them, further reducing costs and improving operational efficiency,’ said IBM. The new tool will enable banks to consolidate redundant duplicate systems and enhance components in a step-by-step fashion, rather than in having to adopt a ‘rip and replace’ approach with its attendant high risks and costs, according to the company.
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