Despite some delays, not at least because of the Covid-19 pandemic, the migration to ISO 20022 is now fully underway and financial institutions are looking forward benefitting from their investment into the new standard. The implementation of ISO20022 message standards is the most impactful event in payments for decades and comes with significant changes on […]
The evolution of cross-border payments is more exciting than ever. However, for banks, the priority is to use the payment data for operational excellence, compliance and competitive differentiation. So, get your data in order. This article was initially published in Trade Finance Global. Continued innovations in cross-border payments Cross-border payments have transformed over the last six […]
Corporates have long been banking’s most profitable customers, with most banks revving up services for corporate customers. Greater innovation in data management can help banks better service their corporate customers, increase revenues and deal with the challenges of mounting regulation. In this video, we look at innovation in corporate banking. HSBC’s Global Head of Innovation […]
In today’s highly regulated financial market, good transaction data management is paramount. This is true particularly when it comes to transaction reporting — an obligation on banks that emerged in the wake of the financial crisis, changing the way in which they record and relay information to regulators. Fifteen years on from the global financial […]
Compliance officers are tasked to continuously scrutinise transactions; to do this efficiently, easy access to transaction details is a must. It is however not a trivial endeavour as transactions are usually processed by a multitude of internal systems, and transaction data is rarely centralised in a single system. The data accessibility challenge is usually the […]
Fintech Finance asked Suzan van Eeten, area lead for payments at Rabobank, Tino Kam, Nordea’s head of product management transaction banking, what they see as being the greatest opportunities and challenges in payments data. The growing pace of open banking in Europe and beyond, customer expectations of instant everything, improved visibility of data that’s been siloed for […]
Issue 8 of “The PaytechMagazine” includes Fintech Finance’s interview of Standard Bank’s Sajid Gani, Head of Operations for CIB South Africa at Standard Bank. Sajid explains the importance for banks to look for the story in the data. “Data always tells a story, if you look for the story”, says Sajid. “You have to analyse […]
Transparency in payment processing introduces new risks – Are you protecting your reputation? Cross-border payments are becoming increasingly transparent. There is no doubt that slow and opaque inter-bank processes are becoming unacceptable in an increasingly digital and real-time economy. Incumbent messaging and payment processing platforms are tackling this issue fiercely by enhancing global payment practices. […]
Issue 19 of “The FintechMagazine” includes Fintech Finance’s interview of Societe Generale’s Eric Bayle, Head of Transaction Banking UK. Eric explains the importance for banks to embrace third-party tech providers to better serve their customers. “Banks realise now that they are not software companies”, says Eric. “Not long ago, they tended to develop everything in-house, […]
