Competition among banks for treasury management business is benefiting companies and institutions around the world by making credit more easily available, customer service more focused and electronic services more efficient, according to research by Greenwich Associates. While treasury management customers stand to reap considerable gains from these developments, they must also be on guard against customer service downgrades by banks that are increasingly segmenting their client lists on the basis of profitability, warned the report. With new coverage systems, banks can monitor the relative profitability of their accounts more efficiently than ever,’ said Greenwich Associates consultant, Robert Statius-Muller. ‘If a given company is producing too few profits in comparison with other corporations in its category, it is liable to get downgraded in terms of coverage, idea flow, and service generally.’
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