PelicanPay, a division of ACE Software Solutions, said that Dutch pension asset manager and administrator PGGM, which has roots in the healthcare and social work sector, has implemented the PelicanPay centralised payments hub.
Rapidly installed, PelicanPay replaces a legacy corporate payment system and processes over 350,000 transactions daily. PGGM is now empowered with visibility as well as full control and compliance over payment traffic.
“PelicanPay consolidates payment processing from multiple departments, enterprise resource planning [ERP] systems and processes using a single payments channel, accessed through a unified command and control centre,” said Parth Desai, president and chief executive officer (CEO) of ACE Software Solutions.
“It is one of the easiest and quickest ways to efficiently gain payment control, reduce cost and lower risk. It provides prompt notification of exceptions and users benefit from the ability to process payments from different sources to multiple banks for timely execution.”
On day one of Sibos 2017, Stefan Dab, The Boston Consulting Group led a conversation examining the future of correspondent banking, and specifically the pain points corporate treasurers face in their cross-border payments operations and where technology can be developed to alleviate these.
Rising interest rates, excitement around blockchain use cases and cross-border payments were all hot topics at this year's AFP conference in San Deigo.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.