AET, a European public electric utility company, has gone live with SunGard’s Aligne for energy trading and risk management (ETRM). Aligne helps streamline the trade lifecycle for AET’s power business, and provides centralised risk monitoring.
AET selected Aligne because of its fully integrated front-, middle- and back-office and bi-directional interface with enterprise resource planning (ERP) systems. Aligne includes support for physical power trading, generation management and position hedging, transmission management, price and credit risk management, settlement and invoicing and independent forward curves.
“We were using different systems and time-consuming spreadsheets to manage our cross-border power trading and other various business processes,” said Giorgio Tognola, head of trading and sales, AET. “SunGard fully understood our requirements and helped us consolidate our physical positions under one system that seamlessly integrates with our ERP system. Cross-border power trading between different countries in Europe can be complex, due to different regulatory requirements and market structure. Aligne helps us trade power more efficiently between Austria, Germany, Italy, Switzerland and France. Finally with Aligne we achieved the necessary transparency in our portfolio.”
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