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SunGard Global Network; JP Morgan Treasury Services; IT2 Treasury Solutions

By Staff Writer | Updated on February 13, 2012

In a move to expedite corporate treasuries’ short-term investing, the SunGard Global Network’s Short-Term Cash Management Portal now allows users to authorize money-market trades from mobile devices such as phones or tablets. Mike Vogel, senior vice president in SunGard’s wealth management business, says the new capability is part of the “heightened awareness” of cash management that developed in the wake of the financial crisis, with corporates paying more attention money markets, risk and liquidity. Companies often require two levels of authorization for money market trades. In response to that, “dual authorization is something we added to the portal a couple of years ago, and now we’ve made it mobile as well,” Vogel says. Institutional investors have more than $100 billion of funds invested through the Short-Term Cash Management Portal, he says. Trade authorization is the portal’s first mobile capability, Vogel says, but adds that “SunGard as a whole is certainly focusing on applications that acknowledge the more mobile workforce.”

J.P. Morgan Treasury Services says it has completed its electronic bank account management (eBAM) central utility pilot. The test, undertaken with three of the bank’s big clients—Fujitsu, MetLife and SWIFT Treasury—deployed a single multibank platform used by both companies and their correspondent banks. J.P. Morgan’s pilot also featured a single connection used to communicate with multiple banking partners, digital signing using SWIFT 3SKey, and ISO 20022 message validation.

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