Banco Continental BBVA, headquartered in Lima, Peru, has licensed the Spectrum
Treasury System from Financial Software Systems to manage its treasury, capital markets, private banking, and mutual fund activities.
The license includes a complete range of foreign exchange (FX), interest rate, equity and derivative instruments. All treasury and capital markets transactions are reflected in Spectrum’s real-time position, cash flow and risk management blotters. Spectrum provides real-time pre-trade and post-trade limit checks to help control a wide range of risks. The system also provides straight-through processing (STP) of all transactions in a single database.
The bank will use Spectrum’s back-office processing, including workflow management, producing printed and SWIFT transaction confirmations, electronically matching confirmations, producing SWIFT and CLS payments, and generating general ledger accounting entries.
Banco Continental also licensed Spectrum’s FX branch portal and web reporting services. With the branch portal, the bank’s branches across Peru will be able to connect directly to the bank’s central treasury dealing room in Lima to buy and sell banknotes, drafts, wires and travellers cheques. Spectrum’s web reporting services provide real-time transaction, profit and loss (P&L) and position information to the bank’s clients over the internet.
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