Operations Centers: The Next Generation
With faster (and immediate) payments come faster (and immediate) settlement. And with faster (and immediate) settlement come many changes to posting. Financial institutions and end users now have to reconsider the meaning of “end of day” as new procedures for cash and liquidity management become more important. Other issues to be considered include reporting, risk monitoring and oversight, agreements, and managing funds. Students interact with instructors to draft a list of considerations an institution may need to consult as they prepare to change the traditional 9-to-5 banking day into a round-the-clock world.