UK’s payment transaction specialist VocaLink has signed a contract with the Swedish national processor Bankgirocentralen (BGC) to process the majority of Sweden’s automated payments. BGC has outsourced the processing of the majority of Swedish direct debit and credit transfer payments to VocaLink. The Swedish firm will continue to manage its customer relationships whilst IT development and operations will be transferred to VocaLink. The migration of payments to the VocaLink infrastructure is underway and should be completed by the beginning of 2010, at which point VocaLink will manage the day-to-day operations of the Swedish Bankgiro system. The partnership between BGC and VocaLink is a step forward in the consolidating European payment market.
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