Volkswagen Bank has migrated from CoCoNet’s established e-banking solutions to its modern banking server, Multiversa International Banking Server (IBS ), and its finance portal, Multiversa International Finance Portal (IFP), in order to benefit from cross-national innovations in e-banking formats and banking connectivity.
The finance portal enables Volkswagen Bank perform payment transactions with third-party banks, while the banking server serves as the payment hub of Volkswagen Bank, receiving payment data from international corporate customers.
With Multiversa, the financing arm of the European auto manufacturer has a solid foundation to stay at the forefront of harmonisation trends in payment transactions with single euro payments area (SEPA) formats and the Electronic Banking Internet Communication Standard (EBICS) connectivity standard.
For customers in France and Germany, Volkswagen Bank now offers SEPA formats as a standard cross-country format in addition to the payment formats CFONB, DTAUS and DTAZV (and MT940 and CFONB120 for account information).
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