Barclays has become the first UK bank to introduce the TWIST BSB 3.1 industry standard for bank services billing (BSB) with the electronic transmission of detailed bank charges to General Electric (GE). The BSB standard is designed to enable the bank’s customers to verify their bank fees in a way that is transparent, accurate and efficient. TWIST produced the standard as the global standard for electronic reporting of bank services and has delivered a best practice on an important issue for treasuries. GE receives TWIST BSB-files from Barclays creating a transparent relationship between the bank and its customer. Barclays is also introducing the TWIST BSB 3.1 to five additional clients in the first phase. The service is currently only available for UK sterling accounts.
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