Wine and spirit distributor Maxxium Worldwide BV has extended its use of SimCorp’s IT/2 treasury management solution by implementing IT/2 NET. The web-based extension to IT/2 will streamline communication between Maxxium Worldwide’s central treasury in Amsterdam, where core IT/2 modules have been used for three years, and 34 subsidiaries around the globe, said SimCorp. IT/2 NET allows treasury personnel in subsidiary operations to access central treasury information directly, in real-time. ‘We act as an internal bank for our subsidiaries, but we no longer have to push treasury data out to them; instead, they just pull up the information they need as and when required at any time of day,’ explained Ron Wessels, Maxxium Worldwide’s treasury operations manager.
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