BNY Mellon’s treasury services group has launched Intraday Liquidity Analytics, an offering that aims to help corporate clients address liquidity transparency and intraday overdraft coverage requirements under the Basel III capital adequacy regime.
The enhancement to the company’s TreasuryEdge electronic banking (e-banking) platform helps clients better manage costs associated with intraday liquidity; reduce intraday overdrafts; and manage payment flows more easily and efficiently. It also provides clients with improved access to real time and historical intraday cash and liquidity information across multiple accounts, presenting data in both graphical and detailed transaction formats.
Intraday Liquidity Analytics provides flexible and interactive tools for drilling down into problem time frames and transactions that are creating negative liquidity. The offering also facilitates straight-through processing (STP) and increases the availability of resources for other business purposes.
“Helping clients deal with the new liquidity requirements under Basel III is another example of how providing insights and understanding, as well as data and information, has become indispensable to the delivery of effective liquidity and cash management services,” said Susan Skerritt, executive vice president (EVP) and global head of business strategy and market solutions for BNY Mellon’s treasury services group.
“Intraday Liquidity Analytics represents an important new dimension of service, and providing it on our TreasuryEdge platform makes it an integral part of our support for BNY Mellon clients.”
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
With the end of 2017 fast approaching, many finance professionals might be counting down the days with some degree of dread. Year End is just around the corner and with it comes the many long hours accountants will spend going over balance sheets and profit and loss accounts, investigating account irregularities and chasing sign offs.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.
The EU and US’ shift in accounting standards may bring balance sheet losses and increase credit risk, according to James Elder, director of risk services at Standard & Poor’s (S&P) Global.