UK-based Eiger Systems has launched a roll number validation module for Bank Wizard, its bank data validation solution. The module will ensure that direct credit payments made via BACS or CHAPS are applied straight into the correct building society and credit union accounts, where reference or roll numbers are used to identify the accounts of individual customers. It will reduce payment errors and the associated administrative costs as well as helping to improve customer service. Jonathan Williams, Product Marketing Manager at Eiger Systems says: ‘Organizations currently making electronic payments to personal UK bank or building society accounts have no means of identifying whether a roll number is valid, which can result in payments being misapplied and time wasted in rectifying errors. BANK WIZARD Roll Number Validation virtually eliminates these problems and is of significant benefit to any organisation needing to make a large number of Direct Credit payments.’
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