The Bank of New York Mellon’s (BNYM’s) treasury services group has launched Remit Worldwide, an enhanced white-label product that will enable client US retail banks to facilitate worldwide remittances, a banking service which the bank sees as offering significant growth potential in terms of both revenue and customer relationships. BNYM first entered the remittance space several years ago with an offering that enabled non-US client banks to receive remittances from customers who had moved to the US and wanted to remit funds back home. The bank describes Remit Worldwide as being enhanced to offer a more robust white-label solution, enabling customers of client US banks to remit funds directly to beneficiaries overseas.
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