Deutsche Bank has launched a single global operating model for multi-currency clearing in higher value payments. Money Transfer New Architecture (MTNA) will replace all legacy money transfer applications for US Dollar, Euro and Sterling. MTNA will be completed by the middle of next year. Norbert Wanninger, Head of Global Cash Management at Deutsche Bank, said, “We are committed to remaining a long-term leader in providing comprehensive solutions for clients worldwide. Therefore, the introduction of MTNA is a natural step in the evolution of our products’ scope as it will offer another conduit for us to provide a single payments distribution footprint that is truly global.” Deutsche Bank has also expanded its worldwide cheque processing with DB-Cheque, a multi-currency, multi-local format draft issuance service out of Europe, adding to existing offerings in the US and Asia. At the same time the bank’s European Priority Remittance Service, a cheque clearing service, has been broadened to include 10 newly admitted EU member countries. In addition the bank will offer a range of cheque and item processing options to prepare clients for the impending Check Clearing for the 21st Century Act (Check 21) to become effective on October 28, 2004. Andrew England, Global Head of Product Management, Global Cash Management, Deutsche Bank, said, “We understand that cheques are still a significant form of payment worldwide and that clients globally are seeking innovative solutions to reduce cost and remain competitive.”
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