SWIFT has announced that its users will receive a rebate of at least 5 per cent on their 2005 FIN messaging usage. The Board of Directors will decide whether to increase it beyond 5 per cent at its December meeting. This is the fourth year running that SWIFT has announced a rebate for its community. The 2005 rebate is expected to yield approximately €8m. In addition to 2005 price reductions already announced in June, SWIFT will have rebated €8m in total for the 2002-2005 period. Commenting on the rebate, Francis Vanbever, chief financial officer, said: “Earlier this year, we forecast a surplus for 2005, which led to pro-active pricing initiatives in July. The strong financial performance of the company enables us to grant these rebates while continuing to invest in the quality and resilience of our messaging infrastructure. The definitive rebate percentage will be determined in December and credited in January 2006.”
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