4826 Results from /payments
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Technology is not the narrow sector - it is amply on offer - and the costs are going from low to lower. Technology enables "anything" and in most cases the utility is evident. The adoption gap is still widening - even too much. Why is this happening? In some cases it may be the less than perfect first versions that have scared adopters of...
20 September 2009 /payments Innovation in Financial Services
Retired Member
When thinking about doing things differently in the transaction and identity space its hard to go past the health care industry. There are an awful lot of health care transactions and with the right system in place we might be able to learn how to improve health care in general. I know President Obama's heart is in the right place with health care...
19 September 2009 /payments Whatever...
Banks should move up the order-to-payment value chain from payments and down the payment-to-accounting value chain - before invaders move down or up into the payment business. The reasons are fundamental: - better service - better value - new revenues certainly needed when float disappears, interest margins remain low and fee income in commoditized...
19 September 2009 /payments Innovation in Financial Services
‘Familiarity breeds contempt’ is a line from Hollywood Beyond’s hit single, ‘What’s the colour of money?’. The same phrase could arguably be used to describe bankers’ relationship with money in the run up to the recent credit crunch. Although managing liquidity is, and has always been, an important activity for banks, many neglected to give it the...
18 September 2009 /payments
EUROPEAN COMMISSION - High Level Group of Independent Stakeholders on Administrative Burdens exerpts from OPINION OF THE HIGH LEVEL GROUP "The VAT Directive explicitly allows the use of electronic means for sending and archiving invoices. The rules however leave too many options to Member States so that national requirements for electronic inv...
18 September 2009 /payments Transaction Banking
As we heard from Stig Korsgaard at SIBOS there a rather unique happy confluence has been arrived at as: 1. The EC Expert Group on e-Invoicing turned to UNCEFACT to get a global e-invoicing standard to use in EU - the obvious targets being to speed up adoption, cost-efficient integration and automation and at the same time further the Single Market...
18 September 2009 /payments Innovation in Financial Services
Parth Desai Founder and CEO at Pelican
The introduction of regulations such as the Single Euro Payments Area (SEPA), continuing recessionary pressures and increased competition across the payments landscape are forcing banks to re-evaluate the way they process payments. For many, payment processing remains an extremely costly business. For example, it can constitute up to 40% of a bank...
17 September 2009 /payments /sibos
So it's official: Andrew Long from HSBC stated today in one of the "Big Debates" that customers need SEPA to be relevant to them to create demand and then migration. He suggested that SEPA was driven only by politicians and that we as an industry should find out what the market wants and then tailor the rules to fit. This sounds like good...
SWIFT’s new standards changes go live on 21st November 2009. Talking about this yesterday, I started thinking about the three key areas that SunGard think are critical for 2010 – Transparency, Efficiency and Networks. What the community is trying to achieve with SWIFT’s MT202 is a great example of the first, transparency. Sitting in some of the ...
17 September 2009 /payments /sibos SWIFT Matters
Elizabeth Lumley Global FinTech Commentator at Girl, Disrupted
Not once, not twice, but three times at Sibos, I have spoken to people who say Transaction Banking is The New Sexy. Admittedly, they did work in transaction banking, but I can see their point. Banks, especially the large masters of the universe over at investment banking, have not been living in the land of happy over the past two years. However, o...
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.