Treasury and finance professionals who need to act strategically in response to market and regulatory changes can find advanced support in the newly released version 12.1 of Reval’s integrated software-as-a-service (SaaS) solution for treasury and risk management (TRM).
The new version of Reval’s SaaS TRM solution delivers advanced functionality in cash, liquidity and financial risk to support the full reach of global treasury. Highlights include enhancements in cash management, payments, FX workflow, risk management, hedge accounting and reporting.
“Treasurers don’t have time to wait for progress,” said Philip Pettinato, Reval’s chief technology officer (CTO). “They are being asked now by senior managers and business units outside of treasury to provide accurate intelligence and analysis to help move their business forward in a dynamic environment. This requires that everyone in treasury – from practitioners to managers – have the visibility into cash and hedging activities to capture, assess and manage risks across the board.”
Data from Swift’s latest RMB tracker shows exceptional growth in RMB adoption in the United Arab Emirates (UAE), witnessing a 210.8% growth in payments value of the currency since August 2014, albeit from a low base.
Sentiment in the financial services sector deteriorated in the three months to September, as firms digested the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union (EU), according to the latest CBI/PwC Financial Services Survey.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.