UK-based futures firm Man Financial, the brokerage division of Man Group plc, has gone live with IT/2, the treasury management system from SimCorp. The firm said that an improvement in productivity had enabled a reduction in treasury head count of more than 25 per cent. John Wilson, Director of Treasury, said, “Having integrated IT/2 with upstream and downstream systems, processing times for the thousands of transactions we have every day have been reduced dramatically.” IT/2’s SWIFT messaging functionality was upgraded during the implementation project. All cash instructions are now issued via SWIFT with positive echoes of despatch sent to upstream systems; banks provide real-time SWIFT advices of activity on accounts, which are imported into IT/2 for real-time reconciliation; and IT/2 provides a real-time liquidity forecast over user-defined time horizons for bank and cash book positions.
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