Retired Member
Growth in Transaction Banking; are banks going back to basics or is there a killer application ? While the global financial markets face severe meltdown, one area within banking quietly continues to prosper - Transaction banking. Consider this – Between Citi, HSBC and JPMC income from global transaction banking in 2008 is expected to touch US$ 15b...
17 September 2008 /sibos /wholesale Transaction Banking
...but how? In one of my earlier posts, I mentioned that change needs to occur in order for SEPA to succeed. Over the course of the past few days at Sibos, it has become even clearer to me that three fundamental changes need to take place: 1. There must be an agreed end date for the existing legacy systems. Without a cut-off point to aim for, ba...
17 September 2008 /payments /sibos Finextra@Sibos
Before supplier financing, one of the few options open to the supplier to fund their business activity was factoring – a process that is often heavily paper-based, involves changes to the payment processes of the buyer, and is relatively expensive compared to other types of short-term financing. Not many companies are willing to use factoring as
17 September 2008 /sibos
SWIFT benefits for coporates are clear but the practicalities are being defined When SWIFT opened up its messaging services and network to corporates, it was initially aimed at the top 2000 global organisations. The cost of hardware, service charges and bank fees, along with the considerable project costs and time to implement the services ensured...
16 September 2008 /sibos
The drying up of liquidity and lack of lending – the result of the credit crunch - is continuing to massively impact on corporates that require funding for growth or continue trading where their payment terms with buyers have been delayed. The move to more open account trading for cross border trade has also required the supplier to fund their r
Atso Andersen Head of Corporate Relations at Aalto University
The phenomenon of social networking is becoming increasingly popular and the number of web tools that facilitate online conversation and interaction are growing. Millions of people are now exploiting these tools to share ideas, experiences and perspectives on a range of issues. As the social networking phenomenon evolves, individuals are becom
Price and cost reduction featured heavily in today's opening plenary with much emphasis on the co-operative nature of Swift. But all of this discussion is set against the backdrop of - not to put too fine a point on it - bank survival. And the current SEPA challenge is not making the situation any easier. One bank today told me that their SEPA pla...
15 September 2008 /payments /sibos
So good, it’s a waste of time: why banks and corporates need a common language If a colleague were to appraise your work with the words “this is so great, it’s a waste of time”, you might be offended or at least mystified. In Hebrew this expression is a compliment, but it doesn’t work in translation to business English. Learning the quirks of the
08 September 2008 /sibos /wholesale Financial Supply Chain
They say a picture is worth a thousand words - personally I think it depends on the photographer and the writer - but that's just me. If you're a full community member you can now upload a photo to appear on your blog posts, should you wish. Alternatively you can submit your photo to one of our online albums instead - at the moment we have a couple...
02 September 2008 /sibos Finextra site news
Elton Cane Digital product delivery at News Corp Australia
At Swift's pre-Sibos press briefing yesterday the usual group of trade press assembled to hear about Swift's plans for this year's Sibos event in Vienna. Along with the usual talk about "strategy" and "community", a few figures stood out: Over 6,300 people are registered so far for this year's Sibos, with 18% from the UK and 1
20 August 2008 /payments /sibos
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