- managing director of global payments
- SunGard’s AvantGard Corporations business
Andrew Owens is managing director of global payments in SunGard’s corporations business. He is responsible for the strategic direction and management of payments solutions to corporations and banks. Mr. Owens has substantial experience with SWIFT, both relating to standards implementation and SWIFT connectivity for banks and corporations. More recently, he has been involved in the development of SEPA solutions.
Mr. Owens joined SunGard in 2008 as research & development director for global payments & messaging. Prior to joining SunGard, he was head of development for trade services and payments at Misys Banking Systems. He has 10 years experience in payments and messaging technology, lately in software management and previously in technical roles, building and implementing financial messaging solutions.
Corporations today are under increasing pressure to devise ways to manage their cash more effectively. Currently, many of these corporations are managing their payments processing and bank accounts in one of three ways – regionally, at the business unit level or at the subsidiary level. While these methods may offer a certain degree of flexibility, at the same time they often result in poor visibility and high ownership costs.
AvantGard Payments can help by supporting organizations in gaining control over cash management. The solution helps to automate and centralize payments processing across regions, affording increased control. Utilizing a single channel for payments processing also improves visibility of cash flows for better liquidity management and significantly reduces operational and transaction costs.