Custody is an integral part of the investment industry and plays a critical role in administering and safekeeping funds. However, as financial markets became more sophisticated, custody has developed.
The wind of change in the payments world is gaining in strength.
Using Society for Worldwide Interbank Financial Telecommunication (SW IFT), companies are able to consolidate their banking connectivity and leverage standardized formats and features common to most banks.
No matter what a business may be, these days’ payment fraud is a factor.
This course provides an excellent understanding of a ‘payment system’ and points out the characteristics of the different payment systems.
Procure to pay (purchase to pay or P2P) is the process of obtaining and managing the raw materials needed for manufacturing a product or providing a service.