JPMorgan’s Treasury Services business is helping its clients in Europe, Canada and the US improve visibility on their expenses with commercial cards by providing them with detailed reports to consolidate and analyse their spending. This service is delivered via web-based management information tools. In addition to spending analysis, the data enables clients to negotiate better pricing with their vendors and reduce risk.
“This level of detail is a powerful tool, especially in the current economic environment,” said Alan Koenigsberg, product executive, international commercial cards at JPMorgan. “Companies are looking for every opportunity to increase visibility on expenses and to reduce costs. Current market conditions are driving them to take a fresh look at their spending and how to be more efficient.” In addition, the single euro payments area (SEPA) across the eurozone countries is driving further efficiencies in the European payments market, including cards, which will help companies save money.
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