The UK government will begin consultations early this year on legislation that would allow smartphones to be used for remote cheque deposits, according to reports.
The Treasury has proposed enabling UK banks to process cheque images, which would do away with a requirement that banks must physically receive a paper cheque. Remote cheque depositing should cut the typical processing time from six to two days, the Treasury said.
reported that Barclays plans to begin pilot trials of remote cheque deposit technology early this year. “When you can download a book or a film in seconds, we believe you should be able to deposit a cheque in the same way,” said Steven Roberts, managing director at Barclays.
In today’s digitally connected world, infinite quantities of data are produced by consumers daily at a mind-boggling pace and volume. With under three months left to prepare, here are four areas for businesses to consider, to make sure they are ready for GDPR implementation.
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
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.