FirstBank has selected Fundtech’s CASHplus to grow its commercial treasury business. The bank uses Fundtech’s payments solution for wire transfers, and says it chose CASHplus based on its positive experience as well as with the cash management product’s scalability, mobile and tablet delivery channels, and overall user experience.
FirstBank sought to enhance its corporate treasury offering, and turned to Fundtech to provide a solution that could scale to accommodate its growing corporate treasury business, while continuing to service its business customers of all sizes. Using a single dashboard across all delivery channels, the solution allows users to personalise dashboards and client screens, create shortcuts and set up favourites. The ability to create these tailored offerings is designed to allow banks to deepen their customer relationships and to improve overall customer satisfaction.
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.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
Due to the low interest rate environment and Basel III regulation many corporate treasurers, who may have in the past been very reliant on the banking sector to provide them with cash management solutions, have been forced to explore alternative options as banks have been refusing short dated cash deposits.