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.
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.
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