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Here’s what modern cash management systems typically offer: Real-Time Bank Account Integration - The ability to link various bank accounts into a single platform allows businesses to view all their financialdata in one place, reducing manual work and improving accuracy.
The bank’s clients will have the capacity to easily and safely share their financial information with over 1,400 third-party financial programs on the Envestnet | Yodlee FinancialData Aggregation Platform that will assist in bolstering “their overall financial wellness,” according to the announcement.
We all understand that the C-level wants treasury to lake use of huge financialdata they sit on and develop more reporting and dashboards. The FX risk, given high volatility of markets and uncertainties, is back in top priorities. Robotics and RPA’s are an intermediary steps to automation, which explains its high ranking.
According to BELLIN, the collaboration with Kantox means it can combine its treasury management offering with Kantox’s services that provide companies with foreign currency, foreignexchange (FX) and riskmanagement solutions.
In 2023, the bank’s financialdata metrics were impeccable: a 27% increase in net profit to a record S$6.1 Rising external interest rates, a weak economic recovery and riskmanagement challenges put neighboring Macau’s banking environment under pressure. Its trading and foreignexchange departments scored a 45.5%
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