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A community for discussing technology trends, views and perspective in global transaction banking
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Retired Member
Global ACH, or iACH as it is sometimes called, seems to be the buzzword of the moment. Is there is a good business case for a global ACH? Characteristics of an ACH Automated Clearing Houses are great at what they do, namely, domestic clearing, usually at exceptionally low cost, and with very high transparency and service levels. They are generally ...
02 October 2012 /payments
Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group
Transaction banking—the set of instruments and services that a bank offers to trading partners to financially support their reciprocal exchanges of goods (e.g., trade), monetary flows (e.g., cash), or commercial papers (e.g., securities)—tracks financial instruments through their entire lifecycle. In a stressed economy, tracking financial instrume...
21 August 2012 /wholesale
Martin Bailey
The world has been in crisis now for 5 years. That is a year longer than World War I and a year shorter than World War II. To me, the word crisis implies a short moment of panic when something is going to happen. Indeed Jeremy Clarkson uses the word "crisis" as a euphimism for orgasm. According to the Oxford Online Dictionary, a crisis i...
06 August 2012 /retail
Andy Hunter CEO at Perficiam Ltd
Government's decision to wind up the Payments Council and vest control in some form of statutory body raises serious issues of governance and commerciality. The underlying assumption that civil servants are better able to determine market preference than bank executives seems an unlikely scenario. State managed Skoda was a constant butt of humour ...
06 August 2012 /payments /retail
Some things are very easy to put a value on such as a loaf of bread or a pint of milk. Services are harder to value and prices can vary wildly especially in different geographies. How much should we pay for financial services? I am lucky enough to live in the UK where free retail banking is de rigueur. For the most part, unless you want to dip into...
30 July 2012 /retail
I have come to the conclusion that readers want to get straight to the point when they read blog articles. Therefore I will outline my opinions in a series of short sentences that should facilitate reading and highlight the relevant points for discussion. If—instead—I am wrong with this assumption just let me know and I’ll turn to a more “orthodox...
01 July 2012 /wholesale
To understand how Transaction Banking (TB) will evolve there's no need for crystal balls. Just look at what's happening in the procurement departments of the corporate world, and you get a sense of it. I recently attended a presentation showing the likely evolution of the role of a corporate procurement department. It follows a lifecycle roadmap w...
25 May 2012 /payments /wholesale
Who owns my data and where it is? Google has a lot of info about me, banks and insurance agents have it too, credit card companies carry a lot of payment data about me plus several other companies and administational organisations. What if some of the data is out of date but based on this data my insurance is determined without telling me where da...
25 April 2012 /regulation
There is nothing so unjust as when you have to pay for something that you think should be free or if you have to pay far more than the value that you perceive. News on the Internet, credit card annual fees, tomato ketchup sachets to go with your sandwich, credit card surcharges or ticket booking fees for example. In many parts of the Western world...
19 March 2012
Olivier Berthier CEO at Moneythor
Kudos to the Transaction Banking practice of PwC for recently publishing their updated review of the trends in and around transaction services. It is a recommended read and does a good job at summarising the market forces at play and what they mean for Transaction Banking, indeed gearing up for a need to transform in a big way to stay relevant. K...
16 March 2012 /wholesale
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