Sapient Global Markets has launched Close of Business Service (CoBS), a fully managed end-of-day reporting service for capital and commodity markets firms. The solution is designed to reduce end-of-day reporting costs while improving overall risk control and profit predictability.
CoBS is an automated, standardised reporting solution to manage all operational activities required for close-of-business reporting. It also provides clients with real-time dashboards that provide visibility into all aspect of the operations process. The solution is designed to ensure that all business transaction information – including profit and loss (P&L), position, mark-to-market, and cash flow data – from across every trading location has been correctly gathered and processed for end-of-day reports.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
As the May 25 deadline for Europe’s General Data Protection Regulation (GDPR) inches closer, many treasurers are being lumped with the task of ensuring their wider company is compliant.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
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.