Serono, the Swiss-based biotechnology group, has selected SunGard’s AvantGard for its central treasury operation in Geneva. AvantGard-Integrity will provide fully integrated treasury and risk management and a strongly enhanced platform for managing its financial assets, valued at $1.8bn at the end of 2004. Paul Wilkinson, treasurer of Serono, said: “We selected AvantGard to help improve the overall treasury management capability through more extensive risk management functionality and more complete coverage of financial instruments. Optimum management of both foreign exchange and financial assets was key to the project, which in turn demanded accurate and reliable valuations and compliance with evolving accounting and governance standards, all functionality that AvantGard provides.”
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