Bank of America Merrill Lynch (BAML) has said that its electronic payables (epayables) solution continues to post significant growth, with a compound annual growth rate of 43% over the past two years. More than US$6.1bn in payments was processed using epayables in 2009.
“Bank of America was one of the first providers of epayables, and we have worked hard to become a trusted provider for our clients by helping them optimise their working capital, increase visibility into their cash flow and eliminate inefficiencies associated with paper,” said Kevin Phalen, head of commercial cards at BAML. “Our proven solution, which can be implemented by itself or as part of a comprehensive payments solution, provides clients with the working capital they need for their businesses to succeed.”
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