JPMorgan’s Treasury Services business has announced the latest in a series of SEPA-related services that enables a customer to efficiently and cost effectively convert a BBAN (basic bank account number) to IBAN (international bank account number). This service will be delivered across all 31 SEPA countries through Experian, the global information services company. Experian Payments, the company’s strategic payments software provider, will check, validate and convert JP Morgan’s clients’existing domestic BBANs to the required BIC and IBAN standard, enabling customers to avoid rejection or repair of failed payments and reduce costs. The service is a comprehensive IBAN conversion offering in the market for corporates and supports improved STP rates and ease in migration into SEPA-related products. SEPA compliance across 31 countries is a critical next step in the payment harmonisation of the market place.
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