China Merchants Bank (CMB) New York has selected Temenos T24 Model Bank US Platform. The system will support the bank’s newly established corporate banking business. Temenos says that CMB will benefit from a rapid, low risk implementation and also a bilingual support team with consultants based in both the US and China. This global approach was important for the bank, which obviously needs to be able to communicate effectively across both sides of its business. The bank also required a system that could process transactions, manage customers and support the bank’s business across multiple countries, currencies and languages. The system will be implemented on IBM hardware at the bank’s New York office to support its high-speed, high-volume transaction processing and planned business growth. The New York branch will facilitate trade and other business activities between the US and China by providing trade service, trade finance, dollar clearing and other services to businesses from both countries. It is a part of CMB’s overseas expansion strategy.
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