Metro-Goldwyn-Mayer (MGM) has gone live with JPMorgan’s tailored global mass payments solution. JPMorgan’s technology, which was implemented in four months, enabled MGM to bring in-house its outsourced payments and disbursements activity for its home video distribution business in key international territories. Steve Hendry, senior vice president of financial planning at MGM, said: ‘The capability to manage this activity in-house with a single banking relationship was key. As an organisation, we often favour a centralised approach.’ JPMorgan provides MGM with a zero balance liquidity structure, complemented by an automated investment sweeping service. JPMorgan’s global payments technology, PaySource, allows a single payment file from MGM’s enterprise resource planning (ERP) system to be automatically captured and transferred to JPMorgan facilitating worldwide disbursements. PaySource also provides a file to MGM’s ERP system allowing visibility of all MGM’s account balances to its central treasury in Los Angeles.
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