Transaction Banking

A community for discussing technology trends, views and perspective in global transaction banking

Patricia Hines Head of Corporate Banking at Celent

Client Lifecycle Management for Transaction Banking

In today’s competitive environment, financial services firms are faced with the challenge of maximizing revenue, reducing attrition, and maintaining customer relationships. That means adopting a holistic approach when it comes to developing true customer-centricity, the cornerstone of client lifecycle management. I define client lifecycle manageme...

25 March 2014 /wholesale

Chris Principe CEO at APB, Inc.

Transitions and Transaction Banking

Transitions and Transaction Banking Transaction Banking is a suite of uniformed products that comprise the key corporate needs for working capital optimization. That suite of products is made up of a designed for corporate solution that integrates Cash, Trade, FX and Payments. Transaction banking convergence is a challenge as the industry struggl...

23 March 2014

Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group

Another Lost Opportunity for SWIFT?

When I wrote my comment to a previous announcement about the KYC registry I did not want to do the bird of ill omen to SWIFT although all planets seem aligning to put the bank cooperative into a corner. Today’s announcement from Thomson Reuters that it will develop a central utility for KYC due diligence checking with the launch of Accelus Org ID...

20 March 2014 /regulation

Retired Member 

Banks New Frenemy: Threat and Promise of Telecom in Payments

Banks have seen a number of challenges over the past few years and now find themselves facing a brand new, unexpected challenger in the payments marketplace: the telecoms! Can telecom service providers give banks a run for their money in providing payment services to customers? That may be the case, as evidenced by the success of pioneering initia...

29 January 2014 /payments

Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group

The Quest for KYC

Two very recent announcements from SWIFT and KYC Exchange represent the first concrete answers to growing market demand for a common and global repository for Know Your Customer (KYC) information. In the interest of banks and of corporate clients, SWIFT and KYC Exchange are still in time to avoid harmful and unnecessary fierce competition. Both a...

18 January 2014 /regulation

Retired Member 

Emerging Trends in Commercial Banking-Part1

Emerging trends-Impact on banks & what they are doing Currently, the main focus across banks is on innovative use of technology and in the below three streams: 1. Products, services and markets – Develop new products and services, target new markets and audiences. Examples-1.Whitelabelling & In sourcing by the big banks 2. Supplier Financ...

19 August 2013 /wholesale

Patricia Hines Head of Corporate Banking at Celent

International Expansion: Overcoming Geographic Differences

I recently published a blog post titled “International Expansion in Financial Services” discussing how banks are supporting the needs of multi-national companies through expansion into new geographies. Meeting the needs of demanding corporate clients in remote geographies can be challenging for global, national and regional banks. As banks follow ...

07 August 2013 /wholesale

Patricia Hines Head of Corporate Banking at Celent

International Expansion in Financial Services

Corporates in advanced economies are accelerating their international expansion ambitions as they look to escape slow growth at home and expand abroad, looking to capture sales growth in geographies that are demonstrating GDP growth. In its April 2013 World Economic Outlook Update, the International Monetary Fund (IMF) projects 3.3% overall global ...

02 July 2013 /wholesale

Nahum Goldmann Partner at BelPay.be

222M Euros error - the importance of exception management

http://money.cnn.com/2013/06/11/news/world/bank-error-napping/index.html Speaking of transaction banking and exception management, a bank clerk nodded off for a second while processing a transfer request and held down the number 2 on his keyboard, changing the amount from 62.40 Euros to 222, 222, 222.22 Euros, according to testimony before a Germa...

13 June 2013 /payments /regulation

Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group

A New Era for Payments: B2B Networks

I am thinking of a model where companies will exchange payments via the same network infrastructures they already use for business-to-business (B2B) transactions such as purchase orders, sales orders, product co-engineering specs, inventory tracking and tracing, sales and procurement forecasts. These B2B platforms (e.g., Ariba Network, GXS, Tieto,...

05 May 2013 /payments