Wednesday, February 8, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Currencies

BNY Mellon Eases Multicurrency Cash Management

MtR by MtR
June 24, 2021
in Currencies
0



Share


Tweet


Share


Share


Share


Email


As the newest addition to its growing collection of liquidity management offerings, BNY Mellon Treasury Services has rolled out cross-currency sweeps, according to a Wednesday (June 23) announcement.

Cross-currency sweeps let customers that have funds in different currency accounts concentrate their funds in their base currency. This tool can be especially useful when it comes to assisting customers with minimizing their exposure to foreign exchange (FX) volatility in addition to negative interest rate-bearing currencies, according to the announcement.

“The launch of cross-currency sweeps is an example of how we’re building technology-driven automated solutions to address the cash and liquidity management needs of our clients,” Greg Malosh, Global Liquidity product head for BNY Mellon Treasury Services, said in the announcement. “This marks the first in a series of improvements we’re implementing over the course of the next year to deliver a full range of sophisticated and intelligent solutions, and we are excited to continue to increase our array of offerings as demand grows for liquidity services.”

Liquidity management tools such as cross-currency sweeps digitize a process that took much time and many resources for corporate treasurers and their cash management workforces. Customers who don’t have access to those kinds of tools have to move funds to accounts in their base currency from noncore currency accounts on their own. Such a move necessitates nonautomated effort and possibly adds market risk into the treasury and cash management functions.

“As businesses continue to adopt a digital mindset and seek solutions to improve efficiencies in a global marketplace, we are working to anticipate those needs with products and services that appeal to a broader spectrum of client segments, backed by the strong credit rating and trusted reputation of BNY Mellon,” Paul Camp, CEO of Treasury Services at BNY Mellon, said in the announcement.

In separate treasury news, Refinitiv will be working with IBSFINtech to roll out an automated treasury offering called InTReaX.

——————————

NEW PYMNTS DATA: AI IN FOCUS: THE BANK TECHNOLOGY ROADMAP

About The Study: The AI In Focus: The Bank Technology Roadmap is a research and interview-based report examining how banks are using artificial intelligence and other advanced computational systems to improve credit risk management and other aspects of their operations. The Playbook is based on a survey of 100 banking executives and is part of a larger series assessing AI’s potential in finance, healthcare and other sectors.



Related articles

Today's Currency Winner: The Japanese Yen – The Wall Street Journal

August 10, 2022

Africa: Cedi Still Worst Performing Currency in Africa – Depreciates 28.8 Percent to Dollar – Bloomberg

August 10, 2022





Source link

Related Posts

Today's Currency Winner: The Japanese Yen – The Wall Street Journal

by MtR
August 10, 2022
0

Today's Currency Winner: The Japanese Yen  The Wall Street Journal Source link

Africa: Cedi Still Worst Performing Currency in Africa – Depreciates 28.8 Percent to Dollar – Bloomberg

by MtR
August 10, 2022
0

The precarious situation of the cedi is not getting any better soon, as the local currency has recorded a -28.82...

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases – Finance Bitcoin News

by MtR
August 10, 2022
0

The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency....

The Currency Creek Bridge will have restoration and reinforcement works to ensure its longevity – Victor Harbor Times

by MtR
August 10, 2022
0

The Currency Creek Bridge will have restoration and reinforcement works to ensure its longevity  Victor Harbor Times Source link

Balance introduces Balance Compliance for Canadian MSBs dealing in virtual currency

by MtR
August 9, 2022
0

TORONTO--(BUSINESS WIRE)--Balance, Canada’s largest digital asset custodian, today unveiled Balance Compliance, a turnkey solution which streamlines regulatory compliance for FINTRAC...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter