980 Results from /wholesale
Retired Member
Financial organisations are starting to sweat as the first deadline for FATCA compliance looms on the horizon. Next January 1st will see banks ringing in the New Year with new account opening procedures to identify US account holders and classify them into a FATCA category. Moreover, by the end of next year, they will need to conduct look-back on...
25 February 2013 /regulation /wholesale
Corporate eBanking services are relatively new in emerging markets and are just beginning to take off. With many treasurers set to upgrade their payment systems there is an opportunity to provide them with a support system that helps them make all-inclusive decisions on their financial supply chain. The vast physical dealer network in the emergin...
14 February 2013 /wholesale Treasury Management
Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group
The EU directive on Late Payments (2011/7/EU) is just around the corner. The new Directive will have to be transposed into national law by 16 March 2013 at the latest by all countries in the European Union. The provisions of the new directive include, among others: Public authorities will have to pay for the goods and services that they procure wi...
12 February 2013 /regulation /wholesale Financial Supply Chain
Marc Murphy CEO at Fenergo
Under FATCA rules, every foreign financial institution (FFI) must identify and classify all its clients with US indicia, but also do the same for all parties to financial transactions, including other FFIs and non-financial foreign entities (NFFEs). The challenge here lies in the complexity of the classification that needs to be carried out to ens...
11 February 2013 /regulation /wholesale Financial Services Regulation
Everyone’s talking about enterprise (business) governance. Typically conversations focus on the application of structured controls across the enterprise to ensure enterprise-wide collaboration between different business units and IT. This in turn, drives the adoption and practice of policies, standards, controls, frameworks, knowledge content and ...
07 February 2013 /wholesale Innovation in Financial Services
I have been in the insurance software business now for more than 25 years, and early in my career, the question was raised: “Why do brokers have client administration systems while insurers struggle on with multiple, unconnected policy administration systems?” During all my time in the business, nobody has been able to tell me why insurers wish to...
04 February 2013 /retail /wholesale
Is relationship pricing and billing on your radar for 2013? Did you know? For every $1 billion in annual revenue generated by global transaction services, banks can “leak” upwards of $25 million – revenue they should be collecting. Let’s face it. There’s no shortage of challenges currently facing global transaction banking. Against a backdrop of in...
31 January 2013 /wholesale
It’s that time of year again… the RBS 6 Nations kicks off this weekend and as a result so does (the arguably more important) Finextra Fantasy League on ESPN Scrum.com. As with previous years, it’s free and easy to play and Finextra will award a bottle of champagne to the winner. There is a ‘lucky-dip’ team selection option so even if you have no id...
31 January 2013 /payments /wholesale After hours
What a difference a week makes! Since the announcement of the final regulations, it seems that every financial institution has just hit the accelerator button on their FATCA programmes. As a result, we’ve been powering through presentations and demonstrations on how our FATCA solutions work in practice. As part of this, I’ve been giving more tho
28 January 2013 /regulation /wholesale
There is no question that the principles of supply chain finance (SCF) are strong and that the correspondent benefits are considerable. The perspective to get financed on the basis of the client’s creditworthiness should line up multitudes of roaring companies demanding for such an attractive—and apparently low cost—facility. Yet, reality shows th...
24 January 2013 /wholesale Financial Supply Chain
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