UK-based Colony Gift Corporation has deployed WinBACS-IP, Bottomline Technologies’ BACSTEL-IP solution. Colony’s migration to this service ensures its compliance with a new BACS-mandated electronic payments standard, expected to take effect on 1 January 2006. The largest scented candle manufacturer in Europe, Colony Gift Corporation has been using Bottomline’s electronic payments solutions to manage payroll and purchase ledger needs since 1998. As the deadline for migration to the new BACSTEL-IP standard looms, Colony Gift realised that a planned company-wide operating systems upgrade was an ideal opportunity to also migrate to the new electronic payments standard. “Completing our migration to the BACS standard as part of a larger IT initiative has proven to be a win-win for us. With that decision, we have already profited from months of process efficiency gains that we would have not have had with a delayed migration,” said Pauline Mellors, accounts manager, Colony Gift Corporation.
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