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Etihad Airways’ Deputy Group Treasurer describes the payments project that led to a TMI Corporate Recognition award, which was part of a wider transformation of Etihad’s treasury technology infrastructure.
- The speed of Etihad Airways’ growth since its formation in 2003 meant that it had to replace its original TMS with a fully centralised technology infrastructure across the group, which could cope with its diverse payments needs across 70 countries and a large range of banking requirements
- After launching an RFP and evaluation of the results, the airline chose D+H as its partner for payments and SWIFT connectivity, Openlink’s Fundur for core treasury and risk management and 360T for online dealing
- These systems are now almost complete, having been implemented on time and within budget, and the author outlines the benefits already gained plus further planned initiatives including streamlining the transaction banking structure and rationalising bank accounts