Latest opinions that Rolf Hauge has shared on Finextra

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Rolf Hauge

CEO

Commercial Banking Applications (CBA)

Member since

12 Jan 2018

Location

Oslo

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Rolf's opinions

Don’t delay: now’s the time to migrate your IT systems to a SaaS-based model

Although we’ve seen increased appetite from banks globally to accelerate the pace of digital transformation over the last two years, many players have focused solely on updating customer-facing systems at the front-end and have put off the more complex need to update their core infrastructure. As a result, many established banks remain encumbered ...

23 June 2022 /payments /wholesale Banking Strategy, Digital and Transformation

Ready for the ISO 20022 cross-border payments transition?

The new ISO 20022 global payments standard will change the way banks send cross-border payment instructions. It’s clear that banks and vendors have different degrees of readiness for its arrival. Some banks are already quite advanced in their preparations. Others remain behind the curve. At the same time, banks must also prepare to switch to using...

24 February 2021 /payments

Trade Finance updates for 2021, no more delays please

I shared my thoughts this time last year about the upcoming SWIFT Releases originally scheduled for 2020 and the importance of early preparation. Earlier this year, the planned SWIFT changes for Trade Finance Category 7 for Guarantees and Standby Letters of Credit were pushed back to November 2021. This delay comes on top of an earlier postponeme...

03 December 2020 /wholesale /predictions SWIFT Matters

Ready for SWIFT Releases 2020 and 2021?

Following the relatively straightforward implementation of SWIFT Release 2019 this November, are you ready for the more complex requirements of SWIFT Releases 2020 and 2021? Here I’ll summarise what’s in store across both Trade Finance and Payments for 2020 and beyond. It’s worth noting that the impact of the changes planned for November 2021 are...

05 December 2019 /payments /regulation SWIFT Matters

Sanction screening and AML control: the right or wrong approach?

Over the past decade the requirements for sanction screening and anti-money laundering (AML) control have increased dramatically, and regulators have stepped up enforcement. Estimates indicate that fines of over $25 billion dollars have been issued in the last ten years for AML and sanctions violations by regulators across North America, Europe an...

18 June 2019 /payments /regulation EBAday

Now SWIFT Release 2018’s done, are you ready for SWIFT Release 2019?

For the first time in many years SWIFT’s MT Standards Release for 2018 (SR2018) incorporated a number of significant changes for banks’ trade finance operations. For many banks it presented a real test of how well they had planned and implemented their trade finance technology solutions for incorporating updates in a more and more demanding marke...

14 January 2019 /wholesale SWIFT Matters

Ready for real-time payments? How about real-time banking?

As banks examine their readiness to deliver on the potential of new real-time payment schemes and meeting customer expectations for an ‘always-on’ service, it’s an ideal time to consider not only real-time payments, but also the full potential for real-time banking. Banking and payments are intrinsically linked – all banking activity (aside from m...

11 June 2018 /payments Payments strategies 2015-2020-2030

SWIFT gpi: why wait for 2020?

Just over one year on from the launch of the service, SWIFT has announced that more than 160 global banks have adopted its Global Payments Initiative, SWIFT gpi, allowing them to make high-speed, cross-border payments timed in minutes, or even seconds. This all sounds very positive – and while strong momentum is building, a crucial factor in the s...

24 April 2018 /payments Transaction Banking

Upgrade your banking software like TESLA

There’s a lot about TESLA’s way of doing business I admire; especially when I think about what it could bring to the world of financial technology. I don’t mean a banking system powered by lithium-ion batteries or setting up branches on Mars (at least, not yet anyway), but Tesla’s approach to upgrading users’ software automatically is something th...

15 January 2018 /payments Transaction Banking

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