SWIFT’s corporate treasury user community now spans 900 corporations, according to the banking consortium. Corporations join the SWIFT global community to mitigate risk, gain efficiency from their existing infrastructure, improve liquidity management and facilitate payments between counterparties for more than 25,000 legal entities.
The community utilises SWIFT’s multiple service offerings to the corporate community, including:
- Electronic bank account management (eBAM) and the eBAM central utility pilot to assist with the adoption of the standards.
- SWIFT Secure Signature Key (3SKey) to provide digital identity security.
- eStatements via FileAct to automate end of month bank statements over SWIFT.
- Accord for securities for trade confirmation matching.
“We plan on utilising the SWIFT network to help ensure operational efficiency while implementing a new treasury management system [TMS] for better visibility to cash and improved controls to reduce risks to the company,” said Brooke Tilton, director, treasury operation at Viacom.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.