Saving Money by Cutting Cash

Sausner, Rebecca
April 2009
Bank Technology News;Apr2009, Vol. 22 Issue 4, p1
Trade Publication
The article focuses on the economic trends of the banking industry for the fiscal year 2009 in the U.S. It mentions that the latest optimization in the treasury function comes in the form of cash supply chain management and forecasting software and notes that such technology has reduced iCom Inc.'s cash requirements. Furthermore, by adopting the optimization among banks, Synovus Corp. was able to reduce its Federal Reserve Bank (FRB) reserve requirements saving approximately $2.6 million.


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