European hedge fund manager Aspect Capital has gone live with SimCorp’s IT/2 treasury management system. The system is in use both to manage cash within fund portfolios and for treasury control in the corporate entity. Aspect, which manages alternative investments of $2.9bn across a range of funds for clients worldwide, sees treasury control as a strategic requirement. An example of Aspect’s changing treasury requirement is in foreign exchange risk management, where the establishment of subsidiaries in Switzerland and the USA has introduced more complexity. “By implementing a TMS we were not trying to save headcount or cut costs, but looking for a greatly improved control environment,” explains Eileen Tindall, an independent treasury specialist, who has been consulting at the firm. Aspect Capital selected the system through SimCorp’s IT/2 Choice option, whereby a free two-month trial period is available and the system is offered with no initial licence fee.
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
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