The HSBCnet Mobile service, available in 19 markets in the Asia-Pacific region, has been used to authorise US$500m of payments in Asia in just 19 weeks, according to HSBC. The service is designed to make it easy for corporate treasurers and senior managers to check account balances and statements, authorise payment instructions and receive payment alerts using smartphones.
Since its launch in November 2011, over US$500m in payments have been authorised in Asia-Pacific and over US$1.2bn globally, averaging US$67m per week.
“Our team now has immediate access to account balance information, in all currencies, directly from their mobile devices, wherever they are based and in whatever time zone. This is highly beneficial as we can take greater control over our cash flow. In addition, the service is quick, simple and, most of all, secure, to access transaction information and approve payments ‘on the move’, so this really changes the way we work,” said Ainna Kathijah Wong, vice president, finance and treasury, Pos Malaysia Berhad.
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
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