BNP Paribas (www.bnpparibas.com) has a presence in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States.
BNP Paribas has launched Benetracker, a co-creative solution that leverages SWIFT gpi, with the help of its clients in Europe and Asia-Pacific in order to accurately track international payments.
Big Data indicates data sets so large that traditional software can’t capture, organise and process them within a reasonable length of time. Big Data management requires that treasurers consider four chief areas; infrastructure, storage, processing and management, and analytics.
SWIFT founded its KYC Registry in 2014 to facilitate the exchange of documentation to support the time-consuming identification and verification processes, resulting in 5,500 banks in over 200 territories integrating the Registry as their main source of correspondent banking KYC information.
Introduced in 2017, SWIFT gpi provides the new standard of global payments. Through consultation with the banking community, SWIFT gpi delivers four coveted principles, fast payments; end-to-end tracking of each payment in real time; fee and FX transparency; and unaltered remittance information on payments provided by the client.
AI has become an established tool for companies aiming to drive growth and profitability. Its impact on treasury is not always immediately evident, however as the technology becomes smarter, it had the potential to redraw the map of how the financial sector works, including the treasury function.
Core treasury responsibilities that involve large numbers of repetitive actions are all processes that can be carried out by Robotic process automation (RPA) technology. RPA can eliminate these tedious yet necessary processes required on a daily basis, thus enabling highly skilled professionals to concentrate on adding value.
Spotlight on USD Endeavours Treasurers commonly focus on protecting capital rather than generating income—yet they also acknowledge the opportunity to generate returns on liquidity surpluses. What should they consider when examining efficient ways to access cash and seek appropriate investment opportunities? According to three experts from BNP Paribas, treasurers should begin by creating nimble liquidity […]
To maintain its aim of offering affordable, precious jewellery, Europe’s THOM Group has invested in improving the efficiency of its treasury operations. A card-acquiring platform from Axepta BNP Paribas has transformed the payments experience for the THOM’s treasury, sales staff and also the all-important customer. As one of the leading jewellery retailers and distributors , […]
Earlier this year, BNP Paribas, SAP, PwC and the European Association of Corporate Treasurers (EACT) decided to jointly work towards a thought initiative whose aim is to help finance professionals resolve some of the intricate puzzles that constitute the treasury of today and tomorrow. The result of this unprecedented collaboration is a multi-faceted report called […]
In line with its long-term commitment to cash, BNP Paribas has released an operational Currency Guide to support corporates faced with the challenge of making international payments. Also available online, the Currency Guide unveils the whys, whats and hows of making payments in over 130 currencies.
