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Citi and NASDAQ work together to build a solution that sees the existing world meet the new. We speak to Morgan McKenney, Head of Core Cash Management, Asia Pacific, Treasury and Trade Solutions at Citi to find out more.
The group, co-chaired by Michael Vrontamitis, Global Head of Trade, Product Management Transaction Banking at Standard Chartered, aims to accelerate the progress towards greater digitisation.
In the US, the shift from cheques to electronic payments is complicating life for accounts receivables departments.
Might Tim Peak be the next winner of the Great British Bake Off?
20th June 2017 – The educational arm of the International Chamber of Commerce (ICC), the ICC Academy, has launched an advanced-level e-course entitled “Digital Trade Finance and Fintechs.” The curriculum is aimed at professionals working in banks, corporations, financial institutions, insurance companies and financial technology (fintech) firms.
June 2017 – Lewis Sun has been appointed as Regional Head of Product, GLCM Asia Pacific with effect from 1st August 2017, subject to required approvals.
14th June 2017 – SWIFT today announces the launch of an instant payments messaging solution for the European market. It will allow instant payments to be made over the SWIFT network, and provide customers with a single gateway to connect seamlessly to multiple instant payments systems. The instant payments solution will be available by November 2018. Once delivered for Europe, the same solution could support instant payments initiatives elsewhere.
20th June 2017 – C2FO, the world’s market for working capital®, today announced it has extended its contract with Tech Data Corporation (Nasdaq: TECD), enabling the Tech Data supply chain to control cash flow and improve financial metrics on demand by accelerating payment of their approved invoices at a rate that works for them.
20th June 2017 – Finastra today announced that it is partnering with SIA, European leader in payment infrastructures and services, to provide real-time payment capabilities to financial institutions operating all over Europe. This will enable financial institutions to use the Finastra (formerly D+H) payments solutions to connect via SIAnet to RT1, EBA CLEARING’s pan-European instant payments infrastructure.
The bank’s new ‘matchmaking service’ seeks to help build new relationships amongst its client base.