APS Bank in Malta is outsourcing its SEPA compliance issues to UK based Simplex Consulting, to leverage its Simplex Bureau solution over SWIFTNet. Banks operating in euro payments have been aiming to achieve the mandated SEPA compliance this year, which includes the need to support new XML schemas and be reachable across the eurozone. The Simplex solution leverages its existing SWIFT Service Bureau and SWIFTNet FileAct connectivity to reach either the Pan-European clearing house, EBAStep2, or a major euro clearing bank. Payments are transformed from SWIFT and local proprietary formats to SEPA XML and bulked and sent to and from the ACH or major euro bank. The solution leverages the technology of Sterci SA from Geneva.
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