VocaLink has announced it is enhancing its euro clearing and settlement mechanism (CSM) service. The company says that banks and their customers will benefit from greater reach and flexibility in submitting single euro payments area (SEPA) and non-SEPA payments destined for UK euro or pound sterling accounts.
The service currently provides banks and their customers with greater flexibility in submitting payments via the CSM through four daily settlement cycles with same day delivery of euro, SEPA and non-SEPA payments through one payment file. This will also enhance end-users’ straight-through processing (STP) rates, even if the UK beneficiary account is in pound sterling, providing banks with a fast, cost-effective and reliable way of achieving reach to all UK Bank Identifier Codes (BIC).
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