On the basis of this agreement, SIA-SSB will be in a position to offer the banks in Italy SEPA Credit Transfers and SEPA Direct Debits processing services using the technical platform of EBA Clearing’s PEACH, STEP2. The collaboration with EBA Clearing will guarantee banks a SEPA compliant service and full distribution capability to all European counterparts within SEPA. According to SIA, the shared platform approach will facilitate the Italian banks’ migration to SEPA, allowing them to maintain access to the two settlement systems – BI-COMP operated by the Bank of Italy and EURO1 operated by EBA Clearing – minimizing the cost and organizational complexity resulting from the period of duality during which the new SEPA instruments will coexist alongside the current domestic instruments. The shared platform can be reached through two networks, SIANet or SWIFTNet.
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