Fundtech has launched Message Converter, a middleware application designed for the financial services industry. Message Converter changes proprietary messages into standard messages such as SWIFT, and vice versa. The Message Converter’s graphical user interface enables non-technical staff to develop the message mapping by using a drag and drop feature. The results can be monitored by loading real messages as mapping input. The product is available either through Fundtech’s SWIFT ServiceBureau or as an installed application. Fundtech has also been licensed by Wachovia to provide it with OmniPAY, the payments hub. OmniPAY allows banks to offer their corporate clients tailored payments services that integrate more closely with their enterprise resource planning (ERP) systems. Acting as a payments hub, the system is able to process a variety of international cross-border mixed payments files and route them through existing bank systems to be cleared globally. “As competition for global corporate banking services intensifies, OmniPAY allows Wachovia to offer our corporate clients more flexible and convenient ways to initiate and receive low value international payments,” said Ann Givens, international business manager with Wachovia’s treasury services division.
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