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Balance & Transaction Data Collection

Background

Many years ago the variation in the banks' standards and procedures for both bank account balance and transaction reporting, and payment instructions created the need for general bank balance and…

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Bank Relations & KYC

UK’s Open Banking Standard here by end of 2016

by Kylene Casanova

The Open Banking Working Group has recommended the creation of an Open Banking Standard that will make it possible for banking data to be shared and used securely.

Bank Relations & KYC

A game-changer for bank-corporate connectivity?

by Kylene Casanova

Will corporates be able to programme their own interface with their banks in future? The intersection of banking and application programming interfaces (APIs) is an increasingly hot topic.

Connectivity

Fides upgrades to SWIFT 7.0

by Kylene Casanova

Over last weekend upgraded their Fides service to SWIFT 7.0. Corporate BIC clients will now be able to benefit from the new Relationship Management Application (RMA) which will process InterAct and FileAct traffic i