JPMorgan Treasury Services has launched its Global Payment Infrastructure (GPI) which is aimed at reducing unit costs per transaction and increasing capabilities while maintaining regulatory compliance and mitigating risk. GPI is a modular solution that allows financial institutions to replace their existing USD funds transfer infrastructure with USD clearing components, such as Web-based initiation and private-labelled service tools, wire processing, funds control, position management and reconciliation support with their existing technology. Although direct link clearing options were previously available to JPMorgan clients, this is the first time that a comprehensive suite of clearing technology and operating services is available to the market as a single product set. Two financial institutions, one international and the other domestic, are currently in the process of adopting JPMorgan’s GPI solution to enhance their USD clearing offerings to customers.
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