Fundtech has announced the introduction of PAYplus Liquidity Manager, a system that helps banks track and manage their global liquidity more accurately. PAYplus Liquidity Manager consolidates all positions into a single system, enabling banks to improve their liquidity control whilst lowering their exposure to risk and errors. With this tool, Fundtech believes banks can reduce borrowing costs while maximizing investment income. PAYplus Liquidity Manager allows financial institutions to automate the collection of transaction information; track liquidity positions from multiple systems and entities; and to actively manage the flow of funds. “Currently, very few banks have the centralized data and analytical tools needed to forecast intra-day cash positions. PAYplus Liquidity Manager is a rules-based solution that meets this need by ensuring more efficient control and management of multi-currency, multi-bank liquidity assets across bank accounts, clearing systems, and central bank channels,” states Michael Sgroe, President and COO at Fundtech.
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