KeyBank became the first to use the Federal Reserve Banks’ FedForwardSM Paper-to-Image product supporting the Check 21-enabled electronic clearing process on 4th of November. The US’s federal Check 21 law went into effect October 28, 2004, allowing financial institutions to process checks electronically and present substitute checks in place of originals. The FedForward service enables deposited paper items to be converted to electronic images and presented as either substitute checks or an electronic file to the paying bank. In its first day of using the FedForward Paper-to-Image service, KeyBank deposited more than 3,700 checks, with a total value of more than $56m at the Seattle Branch of the Federal Reserve Bank of San Francisco.
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