The Banque Central de Tunisie has chosen Sterci’s Stemach for matching its nostro and internal accounts. The matching of nostro accounts consists of ensuring that the counterparty’s recorded entries are in accordance with those of the bank. This reconciliation is automated from the comparison of internal application account statements to those received from correspondents via SWIFT (MT950, 940, 942).
The project in Banque Centrale de Tunisie also includes the reconciliation of securities holdings with its custodians based on MT535 messages. In addition to reconciliation, Stematch will help the bank to improve operational efficiency for exception handling and workflow-based investigation follow-up.
Sterci has partnered with Tunisian company Targa Consult for the local implementation project.
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