Axway, a Business Interaction Networks company, has enhanced its Axway Financial Exchange solution to meet the evolving payment-architecture needs of global financial institutions and corporations. Multinational organisations that exchange payments in any European country can use the exhange as a foundation for compliance with the single euro payments area (SEPA) initiative, to improve the efficiency of cross-border and local payments.
Axway Financial Exchange allows organisations to use a single architecture for all payment flows, thus lowering costs, increasing agility, and ensuring compliance with global standards – including Electronic Banking Internet Communication Standard TS (EBICS). The exchange provides a finance-specific solution with pre-packaged SWIFT and SEPA format libraries, mappings and processes.
Gareth Lodge, regional research leader of TowerGroup, said: “The creation of SEPA and the increasingly global nature of payments has challenged financial institutions and corporates to update or reconfigure their payment flow infrastructure. In addition, more complexity is being introduced, including mobile and electronic payments, as well as a continuous increase in global volume.”
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