Ch.14 Information Technology Flashcards
1
Q
List the basic platforms or architectures that are used to provide technology solutions for treasury.
A
- Stand alone technology(Recon Software…)
- Client/Server Solution (AS 400)
- Enterprise Technology(Advance and integrated ERP)
- Hosted Solution(Software on vendors server)
- ## Workflow Management(Analysis built into software)
2
Q
What is workflow management?
A
- function incorporated into many software packages that allows multi step processes to be automated, track, and managed. (Like Workday, provides notifications and reminders…)
3
Q
What are the major categories of functionality that are typically provided by TMSs?
A
- Cash Management
- Payments
- Financial Transactions
- Accounting
- Bank account management
4
Q
What are the principal benefits of e-commerce?
A
- Improves productivity and capital management
- Reducing data entry and lowering error rates
- Improves communication techniques
5
Q
What is ISO 20022?
A
- XML based messaging system for the financial services industry. Transmits info related to FX, trade, payments and securities
6
Q
What is BTRS?
A
Balance and transaction reporting standard
- communication protocol between the banks and account holders.
- Replaces the BAI
- also reffered to as BAI3
7
Q
What is eBAM?
A
Electronic Bank Account Management
- Eliminates paper
- Managing of account info(signatories)
- Better internal controls for auditing
8
Q
What is mobile banking?
A
- Banking on a phone
9
Q
What is NFC?
A
Near Field Communication
- Short Range wireless proximity technology that uses radio frequency signals to communicate between devices.
10
Q
End User computing
A
IT management of systems, access, passwords…etc
