TUI Northern Europe has selected Trintech’s ReconNET to automate the verification and reconciliation of cash banking and credit card transactions, including foreign currency deposits from Forex Bureaus distributed throughout its 1,100 agencies. Additionally, the solution automates the verification and reconciliation of the company’s principal disbursement account. The ReconNET solution replaces a heavily customized third-party system that required time-consuming and labour-intensive reconciliation and research processes. It will help streamline cash management processes, increase internal controls, and provide effective risk management and reporting across the company’s UK, Ireland, and Nordic agencies.
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