Transaction banking

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/Transaction banking

IFRS 17 not the end but the beginning

Louise Cooke, Managing Director, NEXONTIS Consulting | msg global solutions, and Robert Cummings, VP, Global Head of IBU Insurance at SAP, talk at the SAP Financial Services Forum about IFRS 17, the insurance industry’s readiness for the new accounting standard and opportunities to leverage the change to prepare for a greater focus on transparency in the future, and to bridge the gap between the accounting and actuarial functions.

/Transaction banking

Banks must look at correspondent banking from the customer perspective

David O’Riordan, ‎Head of Payments, Cards and Treasury Services, Allied Irish Bank, discusses the key change drivers in correspondent banking and cross-border payments, how banks can keep up with customer demand while complying with regulation, and how partnerships can help banks to offer a slick, streamlined service in an increasingly competitive landscape

/Transaction banking

Insulating legacy to ease adoption of real-time

Fiona Hamilton, Vice President, Europe and Asia, Volante Technologies, talks about how real-time challenges go beyond real-time schemes, the fact that ISO 20022 won’t be a panacea, how to cope with the impact of various new real-time developments on back end systems, and how to avoid regression testing your entire infrastructure every time there’s a change.

/Transaction banking

Fintech growth is UK wide

Edward Twiddy, Chief Innovation Officer, Atom bank, talks to us at the International Fintech conference 2017, about how fintech growth is developing all around the UK and not restricted to the main hubs emerging, how fintech collaboration continues to work and how digital banking services do not have to be impersonal and can enhance consumer experience.

/Transaction banking

High-tech and high-touch the sweet spot for banking

Suvo Sarkar, Senior Executive Vice President & Group Head – Retail Banking & Wealth Management, Emirates NBD, talks at the SAP Financial Services Forum about how banks can compete successfully if they pick up the pace of innovation, the need to rewire the back end to keep up with front end innovation, the future of robots in financial services, and how in the world of digital, analogue can be the biggest differentiator.

/Transaction banking

Insurers must digitalise – or become obsolete

Martin Dietz, Member of the Global Board, ConVista Consulting, and Robert Cummings, VP, Global Head of IBU Insurance at SAP, talk at the SAP Financial Services Forum about the impact of digitalisation on insurance, its evolution from a product to a customer centric business, and the cost and competitive challenges created for incumbent insurers by their legacy systems.

/Transaction banking

Banks must educate customers on cyber hygiene

Jacky Fox, Director, Cyber Risk, Deloitte, talks about the large attack surface banks present to cybercriminals, the challenges of protecting legacy systems, the strong progress banks are making with better-tuned policies and procedures, and the need to educate customers and to concentrate cyber security spend on the interfaces those customers are using most often.

/Transaction banking

Corporates rally round Swift gpi

Six leading Swiss corporates with international operations - including ABB, Nestle, Roche, SBB, Swiss Re and Wurth – have issued an open letter in support of Swift's global payment innovation initiative to improve the speed, transparency and predictability of cross-border payments.

/Transaction banking

Customer experience top of mind for bank boards

Bruno Cambounet, Vice President, Banking & Financial Services Solutions, Axway, talks about the interplay between open banking and PSD2, the challenges of liability and visibility in a real-time, open ecosystem, and the role of customer experience networks and platform economies.

/Transaction banking

Swift Institute explores open banking

The SWIFT Institute is publishing a new working paper on open banking, looking at the possible impact of the adoption of public application programming interfaces (APIs) on the financial services industry.

/Transaction banking

Montran moves to SaaS model with Interoute and HWG

Montran Corporation, one of the world's leading providers of payment, market infrastructure and treasury management products and services, has partnered with Interoute and HWG.

/Transaction banking

Barclays rides payments-as-a-service wave with investment in Form3

Barclays Bank has joined Angel Co-Fund and individual investors in a $5 million funding round for Form3, a provider of an API-based single point of access to the full universe of payment schemes.

/Transaction banking

Swift's KYC Registry extended to all supervised financial institutions

SWIFT announces today that it has opened membership in its KYC Registry to all supervised financial institutions.

/Transaction banking

Towards a payments platform that exploits cognitive

Paul Hanily, Global Payments Offering Management Leader, and Gene Villeneuve, European WFS Fraud & Payments Sales Leader, IBM Watson Financial Services, talk about the potential for banks to reuse infrastructure to accelerate – and minimise the cost of – instant payments implementations, and the application of machine learning for real-time fraud detection and enable banks to deliver value-added services to their customers.

/Transaction banking

The next generation of virtual accounts

Jennifer Doherty, Global Head of Commercialisation, Liquidity & Investment Products, HSBC, outlines the drivers for increased use of virtual accounts, and explores the benefits they bring to both banks and corporates in a changing liquidity landscape.

/Transaction banking

MarketInvoice adds Euro and USD to portfolio

MarketInvoice, the online business finance company, has added € and US$ capabilities to its confidential invoice discounting product MarketInvoice Pro.

/Transaction banking

Blockchain drives up trust in business networks

John McLean, VP Blockchain Labs Services, IBM, talks about how close blockchain is to going mainstream in financial services, and how it can be deployed to transform complex, friction-heavy processes to deliver transparency and efficiency.

/Transaction banking

Nex appoints Paul Busby as global head of sales for buy-side treasury suite

NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that it has appointed Paul Busby as Global Head of Sales for ENSO, its portfolio finance and centralised treasury management solution for the buy-side.

/Transaction banking

HSBC becomes first banks send FIXML messages over Swift for clearing

SWIFT announces today that HSBC successfully went live with FIXML and ISO 20022 traffic on SWIFT for domestic clearing and settlement on SGX, enabling the bank to use a single channel for domestic and cross-border messaging.

/Transaction banking

Traydstream fills executive roles

FinTech innovator Traydstream has secured fresh talent to head its Technology, Product Development and Agent Relations pillars.