Danske Bank has gone live as the first European bank with electronic transmission to General Electric (GE) on details of bank charges. The TWIST bank billing standard (BSB) is designed to enable banks to periodically advise their wholesale clients of their service usage and charges. Danske Bank can deliver electronically to its customers in five European countries the structured and standardised details of type, quantity, price and other information about their bank services billed to wholesale users. GE receives TWIST BSB-files from Danske Bank in Denmark, Sweden, Norway and Finland, with Ireland to be the next country. The information is used to analyse and control the development in the debited fees, creating a transparent relationship between the bank and the customer.
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