Dresdner Kleinwort, the investment bank of Dresdner Bank AG, is the first European bank to connect to the new cross border payment transaction platform of the European Banking Association (EBA), compliant with SEPA standards. The initial test phase of the EBA platform is planned in order to adapt cross-border payment transactions in the Eurozone to the improved conditions of SEPA at the beginning of 2008. Dresdner Kleinwort considers the standardisation of European payment transactions as an opportunity for its clients and therefore supports the SEPA initiative. By signing up to this programme as a pro-active participant, it hopes to help create the conditions for the pre-testing. In the next pilot phase further banks will be involved in the testing. As of January 2008 the SEPA requirements will be mandatory in the Eurozone. As a result, the period of money-transfers will be shortened from three days to one day in the SEPA zone, by 2012.
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