BankServ, electronic payments experts, has implemented its new SWIFT Corporate Solution for BMC Software, a global provider of business service management solutions. The new SWIFT implementation will make international financial transactions less expensive, while improving both payment and treasury operations.
BankServ’s solution was selected by BMC because it included all the software, hardware and services BMC needed to enable cost-effective integration between the SWIFT network and the company’s back office systems. BMC originally used multiple systems and protocols to transmit their payment and transactions to multiple international banks. According to Chet Fenner, BMC’s treasurer: “These systems were costly to maintain and didn’t enable any sort of integration with our treasury management and enterprise resource planning system. We wanted to consolidate these systems by using the SWIFT network and gain better visibility and management of our cash flows and transactions.”
The BankServ Corporate Solution is based on a service bureau model that includes all the essential operations and support services BMC needed without having to purchase and maintain any systems in-house. Professional project management and implementation services were provided throughout the project, as well as 24/7 technical support for ongoing upgrades, disaster recovery and essential maintenance requirements.
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