Danske Bank Group has connected to the Tieto Payment Factory via SWIFT. The collaboration allows their joint customers to integrate fully automated payment and account reporting services.
“International corporations are doing business with several banks in several countries. Corporations have previously communicated with their banks by using proprietary channels and bank or country specific formats. Having visibility to cash globally in such a complex environment can be a challenging task. SWIFT solves this by providing a standard interface to banks and thus significantly helps improve working capital management and infrastructure,” said Claus Sørup Rasmussen, head of cash management sales CIB, Danske Bank Group.
The European and global harmonisation of payments standards will support the diffusion of the new service. As a result of the creation of the single euro payments area (SEPA), Europe will use global payment messages based on the ISO 20002 message standard.
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