Citi has launched its domestic settlement service for interbank foreign exchange trades. Developed for use by central banks in developing markets, the solution is designed to reduce settlement risk by simultaneously settling both sides of foreign exchange transactions. In Colombia, the Cámara de Compensación de Divisas, established in 2007 under the risk control initiative of Colombian Central Bank, Banco de la Republica, is now using Citi’s solution to provide a simultaneous settlement process for US dollar versus Colombian peso trades for same day settlement.
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