Pennon Group has selected Reval’s HedgeRx for interest rate risk management and IAS 39 reporting. Pennon Group is a £2.6bn utility based in Devon providing water and waste management to the South West of England. Pennon selected Reval to replace an existing client server TMS used for money market investments and debt management and Excel spreadsheets for IAS 39. Reval’s presence in Europe continues to grow rapidly and with Pennon, Reval now has four major utility companies based in the UK. “We have found that we are a great fit for the UK utilities who have similar requirements around money markets, debt and derivatives,” notes Jiro Okochi, CEO of Reval. “We are very excited about this opportunity to work with the Pennon Group and to get them live very quickly.”
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