Banking and insurance are among sectors that have for long been dependent on legacy systems and technologies for record-keeping, analysis, and even customer service. This scenario however has changed quite significantly in the past few years. From managing workflows to transactions and even engaging customers, banks have geared up to obtain maximum benefits out of digitization that today seems to be taking over almost every vertical, for improved efficiency.
GTreasury’s Customized Formatting and Interfacing Helps GE Win Best Cash Management Solution
Deutsche Bank today announced that it has jointly developed and implemented a unique cash management solution with General Electric’s Treasury team in Japan, by customizing NTT Data’s eBAgent® in order to streamline General Electric’s Japanese Yen payment and reporting processes.
GTreasury Helps GE Win 2012 SWIFT Implementation of the Year Award Learn how GE solved the problem of accessing and retaining bank account statement information for 14,000 accounts, across more than 100 banking relationships and 98 countries. Through GTreasury’s customizations of GE’s workstation, GE is now able to retrieve, process, store and pass along these statements in an electronic format.
The boundless potential of modern IT has transformed into a multi-ended tool for Fintech, and more so for financial reporting. The age of outdated centralized IT has given way to modern developments in cloud platforms and powerful data capture mechanisms, bolstered by more flexible technology infrastructures.
2009 Alexander Hamilton Award through GE General Electric won the award for its “Funds Transfer Redirector” project, which arose during a payments emergency when the system used by GE’s money-transfer bank failed after a weekend software upgrade. After consulting with GTreasury, GE successfully redirected 3,600 payments to Bank of New York Mellon, ensuring that payments arrived on the day promised.
2004 Alexander Hamilton Award through Lucent Technologies Lucent Technologies won the 2004 award for overall treasury excellence, primarily for its use of GTreasury’s In-House Bank module. Lucent worked with GTreasury to build an in-house—a three-year undertaking that required the work of more than 50 people worldwide. “It was crystal clear that this was the absolute right thing to do and that the return on investment was compelling and on multiple fronts,” says Frank D’Amelio, Lucent’s CFO and executive vice president.