The Bank of New York is offering its US financial institution clients a way of making international fund transfers which it says will significantly simplify payment processing and expand the range of funds transfer services they offer their clients. The bank said it’s service, Persutte – Global FAST DirectPaySM, allows US financial institutions to make international funds transfer payments in both US dollars and foreign currencies using their existing funds transfer systems. The bank has joined with Fundtech, to link its PAYplus USA system with Persutte for international payment processing. New features include international payment templates, automated foreign exchange rate feeds, and a foreign currency conversion calculator with mark-up capabilities.
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