Fiat Finance has chosen SunGard’s AvantGard for SWIFT messaging and connectivity. It will use AvantGard for integrating the payment messaging of its treasury operations to SWIFT and to help improve its existing international payment factory. This project will encompass multiple centres across Europe, helping Fiat Finance to improve its visibility and control over company-wide financial flows. AvantGard will be used to capture payments from Fiat’s existing systems, manage the payment workflow and authorisation and integrate them with the SWIFT network. Taking advantage of SwiftNet services to manage its treasury and commercial payments will help the firm streamline payments processing and exception handling both internally and for its European corporate clients, facilitating the auditing of the payment process. The project will consist of three phases. Phase one will address the treasury payment flows across Swift FIN MT1xx for both unitary payments – the process to administer individual low volume, high value payments rather than on an aggregated level – and manual entries, typically for urgent payments. Phase two, the ‘European payments factory’, will address batch payment flows for Fiat entities in France, Germany, Belgium, Switzerland, Austria, the UK and Denmark. Phase three will address the integration of the SWIFTNet accord matching service for deal confirmations.
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