IT2 treasury management system (TMS) version 7.0 addresses the priority financial risk management issues stemming from the financial crisis, as well as offering enhancements to cash and liquidity management.
IT2 version 7.0 integrates a new range of sensitive risk indicators for credit risk management and reporting. The new risk indicators are fully integrated with IT2’s limit management module, allowing for pre-trade warning and real time usage monitoring and email alerts based on a wide range of credit worthiness indicators, including credit default swap (CDS) spreads, bond spreads, equity prices and equity ratios.
It also incorporates new and enhanced cash and liquidity management features, which provide facilities to control, position and reconcile higher volumes of cash flows more efficiently, for both treasury and operating cash accounts. The reconciliation solution includes the ability to search much larger portions of bank transaction records when categorising entries, combined with enhanced rule maintenance, automation and control.
Paul Higdon, IT2 Treasury Solutions’ director of product management, said: “IT2 7.0 has been structured and prioritised in response to clients’ requests, and to the rapidly changing demands of the treasury profession for integrated, dependable and functionally rich treasury management solutions. Uncertainty cannot, of course, be entirely eliminated in today’s financial world, but IT2 helps its clients by providing best practice support for navigating at the required speed and with the necessary precision through some of the most difficult and demanding areas for financial risk measurement and mitigation. IT2 clients can now take full advantage of the risk management lessons learned from the financial crisis, take control and manage their credit risk with confidence.”
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