Chesapeake System Solutions has announced that health care company Aetna has selected T-Recs Enterprise solution to automate reconciliation of its global accounts. T-Recs Enterprise, which stands for Total Reconciliation Solution, is an all-in-one software application that the company claims allows firms to reconcile the entire balance sheet and meet their financial governance, enterprise risk and compliance needs in an integrated solution. Ken McClellan, project manager on AIS corporate program delivery, says, “Through acquisitions, Aetna’s treasury operations unit became responsible for several foreign currency accounts that staff could only reconcile with manual conversions to US dollars. Aetna needed a system with a global monetary unit capability to automate foreign account reconciliation.”
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