Facing the challenge of managing 110 individual depository banks, EG Group partnered with Loomis to streamline their cash handling processes. The result? Enhanced security and significant time and cost savings.
Want to learn more about how we helped EG Group achieve operational excellence? Read the full case study here: https://ow.ly/oSfS50SmL3T#CashManagement#CashSecurity
I had the pleasure of working with the U.K based leadership team when we started our business relationship in 2020. This is a great company who treats their employees and partners with respect and acts with integrity. First Class!
#Throwbacktuesday
Emphasis what sets you apart.
There are just a few businesses with absolute monopoly in recent times. When you begin a flourishing business in little or no time, people will imitate the idea. However, there is no total imitation.
In this advert of Equitorial Trust Bank that has been taken over by Sterling Bank, what the bank is trying to portray is quality service delivery to all class of customers, which is a rare feat in this era of banking.
You can name other financial institutions that can with some Unique Service Proposition over the years, and this led to their prominence within a short while.
It's one thing to have a differentiator that takes you to the top and it's another thing to remain there by adding other value.
In all you do, ensure that you create a niche in your industry and continuous improvement will keep you in business for a long haul.
Are banks actually getting better at settlement?
AccessFintech's Global Head of Buyside Customer Experience, Pardeep Cassells spoke with Banking Risk and Regulation, commenting on CSDR cash penalties and how their upcoming re-fit impacts settlement efficiency.
“Banks will be under greater pressure to improve settlement rates further, both from a liquidity and balance sheet perspective, but also from a client service perspective as their asset manager. Clients need timely and accurate transaction handling,” said Pardeep.
You can read the full article below.
#Tplus1#T1#Settlements#CSDR
Treasury has evolved in a massive way in a very few years. Bank debacles, a pandemic and ongoing challenges day to day to tackle fraud, liquidity and data, all aiming to ensure decisions protect the business.
So much so even Peppa Pig now has a Treasury operation.
#treasurymanagement#fraudprevention
Our cash trivia question series is almost over, did you answer the November question correctly?
Question: ‘Where will you find the world’s largest bank vault?
It was of course, Manhattan, and it belongs to The Federal Reserve Bank of New York!
The vault is stored 50 feet below sea level and is believed to hold over 490,000 gold bars.
#cashfacts#cashmanagement#dataanalytics#banking
I had the pleasure of working with the U.K based leadership team when we started our business relationship in 2020. This is a great company who treats their employees and partners with respect and acts with integrity. First Class!