SimCorp’s IT/2 treasury management system has been deployed by Alba and the expected benefits include better visibility of information, reduced risk and a saving in treasury headcount. “We now have five major UK companies with many European and Asian trading partners, and that’s given rise to increasingly complex foreign currency cash flows,” says Perry Charles, Alba’s Group Financial Controller. “We had reached the point where our spreadsheet-based system would soon become a risk – we needed a more robust, purpose-built system, which could be used collaboratively within the company,” he adds. Alba’s initial use of IT/2 will focus on foreign exchange position keeping, forecasting and trading.
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