JPMorgan has launched Foreign Exchange Funds Transfer Initiation (FX FTI), an online service which offers corporates and financial institutions the ability to streamline FX payments through rapid payment creation combined with real-time FX rates. The bank said that its FX FTI product aggregates same currency payments and provides exchange rates for 39 currencies. The services will allow for payments to be automatically debited from a client’s domestic currency account, and will the need for multiple currency accounts and should reduce management and reconciliation expenses, the bank said. FX FTI is a multi-bank product, enabling payments to be funded out of non-JPMorgan accounts and customers are not required to be members of the SWIFT network. The bank said that the product was available through its web-based client access platform, JPMorgan ACCESS.
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