FirstRand Bank has awarded ABN AMRO with a mandate for third and fourth party CLS services in South Africa. The mandate covers FirstRand’s operations in South Africa as well as its African subsidiaries and will see FirstRand become one of the first banks in Africa to go live for third-party CLS services. The two banks have also signed a partnership covering the provision of private-labelled fourth-party CLS services for banks across Africa. Commenting on the news, Sam Zavatti, SEVP, Financial Institutions and Public Sector at ABN AMRO said: ‘With the addition of the Rand to the growing list of CLS currencies, there is now an even greater imperative for South African organisations to adopt this risk-free settlement system.’
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