Belgium-based KBC has officially opened its Representative Office in Shanghai, China, after receiving approval from the China Securities Regulatory Commission. The move follows the recent decision of Chinese banking regulators to allow commercial banks to set up their own fund management companies. According to KBC, efforts are currently underway to select a local partner with which to set up a joint venture fund management firm as required by the related local regulations. With regard to the business development strategy in the Chinese market, KBC said it planned to tap the retail market as its first priority, given that 50 per cent of its global assets under management are derived from this sector.
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