SMA Financial, a SWIFT regional partner for UK, Ireland and the Channel Islands, has announced that the SMA Alembic product had been awarded the SWIFTReady Cash Management Label for 2010. This is the first cash management product on the market to pass the rigorous tests and assessments that SWIFT applies to any labelled product that runs on the service bureau and is based on an online, hosted platform. SMA Alembic was released in December 2009.
SMA Alembic is designed to help corporate treasurers optimise cash and liquidity management. The product uses next-generation SWIFT technology, based on ISO 20022 standards, to automate and streamline payments, which in turn reduces the complexity of international cash management payment processing and ensures efficient use of working capital. National Grid and Johnson Matthey are two SMA Financial users who have implemented the product.
Bernard De Groeve, senior business development manager, partner management, SWIFT, said: “Financial institutions and corporates can rely on SWIFT labelled products with the knowledge that they are based on industry standards, use the latest technology and importantly integrate with the SWIFT network. As part of our due diligence we also speak to current users of the product to further ensure the implementations are properly run and positively endorsed. We congratulate SMA Financial on achieving this latest endorsement for the Alembic product.”
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