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Tag >> treasury technology
Sep 22
2010

Tech Roundup

Posted by dbedell in treasury technologyThomson ReutersTechnologyDTCCCitibiztech

dbedell

The Eikon DesktopThomson Reuters’ next-gen desktop product for finance professionals, has rolled out of the lab and into the marketplace. The offering itself, along with future upgrades, are downloaded online and access has been streamlined—users take advantage of keyword tags to find information rather than being required to remember instrument codes or go through many screens to get to a particular piece of data.

Features are designed to be as easily-accessible as any web application, and they have added new functionality for Twitter-style social networking with other users, which will allow users to share views and ideas, and create communities.

Jun 25
2010

Wall Street Systems snaps up competition… again

Posted by dbedell in treasury technologytreasury management systemDealsCashbiztech

dbedell

US corporate and financial treasury system supplier Wall Street Systems announced earlier this month that it has snapped up rival City Financials--further consolidating the treasury management system (TMS) marketplace and reducing the options for companies looking at sending out an RFP for treasury technology.

The buy-and-integrate approach has long been a hallmark of the TMS space. In fact, few of the biggest-name providers from 15 years ago are still around – aside from Wall Street Systems, SunGard, and IT2. A number of upstarts have since entered the market—such as Kyriba—and some have entered and been bought out—like FXPress.

Jun 21
2010

Huge gaps in third-party treasury technology

Posted by dbedell in treasury technologycash positioncash managementCashbiztechbank account management

dbedell

With board of directors exercising increased oversight of treasury operations and cash management in the wake of the financial crisis, companies have been looking for more detailed, and regular, information from their banks. But the crisis has made it more difficult for banks to provide it. Even before banks ran into difficulties, some companies found timely data from their partners hard to come by as a result of outdated bank systems. Acquisitions during the last decade often resulted in disparate systems cobbled together piecemeal. And deals spurred by the crisis have led to more of the same.

Many US banks are now looking to new technology to bring together information from across their organizations to meet clients’ needs. However, most have little budget for the purpose and are counting on outside vendors to provide technology that supports their treasury business. Many are going so far as to have vendors provide their entire platform. That is reflected in the fact that most of the top 60 US cash management banks use on average anywhere from three to eight technology vendors, according to a recent survey by consultancy Aite Group. The largest banks have many more than that.

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