BT Group has selected ABN AMRO as its European cash management provider. Under the terms of the four-year contract, ABN AMRO will provide primary banking services, including account, payment and collection services, across BT’s operations in 17 EMEA countries: Belgium, Czech Republic, Denmark, Finland, France, Germany, Hungary, Italy, Luxembourg, The Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden and Switzerland. The structure also includes automated, cross border cash concentration of euro flows to a single account, allowing BT’s treasury to manage short-term liquidity efficiently, minimising transaction and funding costs. Account and transaction information is reported to BT via ABN AMRO’s electronic banking systems. Implementation of the new structure is reportedly underway, and the first transactions have already been processed.
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