BearingPoint has produced a global treasury survey that sampled over 60 corporates across Europe, Asia and the US. The results found that less than 50% of the polled companies have up-to-date treasury management systems (TMS), which is consequently not compliant with legal frameworks such as SEPA, Basel II, IFRS, etc. Only one-third of the companies estimates the importance of IFRS 7 and IFRS 39 as significant to the organisation, processes and tools and only 7% of the corporates estimate the importance of IFRS 7 and IFRS 39 as significant to market risk, which suggests that the impact of legal change and customisation is not yet recognised. The majority of companies indicate significant improvement of their rating by implementing TMS. While implementing TMS, nearly 40% of the companies experienced delays due to technical problems.
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