Public Savings Bank is now a member of SWIFT, which will help expedite foreign wire transactions to over 8,800 member banks in more than 200 countries. The new technology platform allows an extended time window to wire funds to both domestic and foreign recipients.
Public Savings Bank can accommodate multi-currency transactions to virtually anywhere in the world. Wires do not need to be in US dollars.
Jack Miller, chief executive of Public Savings Bank, said: “We are a facilitator of online banking and electronic payments all over the world. This investment supports our commitment to businesses that require global flexibility in transferring money virtually anywhere in the world.”
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