Profile

Location

Zurich

Member since

2005

Writes about

Wholesale banking

Fritz Thomas's blog archive

2008 (1)

Fritz Thomas Klein

CEO at Independent Mind

Message Posts: 1 Comments: 5

Bio CEO of Fides Treasury Services Ltd, a subsidiary of Credit Suisse Group servicing corporate customers in thge fields of cash management, treasury and payments as 'the impartial technology interface to their banks word-wide'. Career History 35 years at Credit Suisse working in the fields of payments, forex, money market, cards, e-banking as a project developer and product manager. Responsibilty for correspondent banking as managing director at Credit Suisse First Boston. Board member at Europay International, SWIFT and CLS (Chairman).

Blogs

More Sense for the Financial Industry

30 Apr 2008

Instead of a merger between the DTCC and LCH.Clearnet, that probably is more driven by the ego of people involved, a merger of post-trading infrastructures in the field of clearing/central counterparty services and in settlement services in Europe would make much more sense for the financial industry. This would mean a merger between Euroclear and...

See all Fritz Thomas's blogs

Fritz Thomas is Commenting on

Payments Canada further delays real-time payment launch

Why must the Central Bank drive the creation of such systems? What is needed, is strong support from top management in some of the banks involved These top managers must want a solution and drive its creation!

15 Jun 2023 Reply Read article

Is Request-to-Pay the “missing piece of the puzzle” in the instant payment value chain?

The limit of instant payment usage at the pont-of-sale is described as the merchant providing the customer with the IBAN to make the instant payment to. Request-to-Pay is described as the solution to this problem.But this only shifts the problem from one side to the other. Now the customer must provide the merchant with the IBAN ro which the merchant has to send the Request-to-Pay. Far simpler would be for the mercahnt to provide he customer at the point-of-sahe with a QR code containing all details for the instant payment to be made. The customer pick this QR code up in his mobile banking app and intiates an nstant payent to the merchant. This would be a simple and frictionless process.

26 May 2022 Reply Read article

ECB posits combination of Target2 and T2S on single platform

Why didn't they consolidate the two from the outset?

14 Oct 2015 Reply Read article

UK banks failing to learn lessons from Libor scandal - FCA

The interesting point is not the past (the blaming) but the future. How can we all, bankers and regulators, get the banks (and other companies) again onto a for society worthwhile and accepatble course?

30 Jul 2015 Reply Read article