Transaction banking feels the strain, revenues fall by 6%
by CTMfile
Research by analytics company Coalition has recorded a drop in transaction banking revenues for the first time since 2010.
Bank Relations & KYC
Background
Bank relationships are vital. Bank Relationship Management (BRM) is a major task in any corporate treasury department and covers many other staff around the company. Often large companies use hundreds…
Read moreThe highs and lows of bank relationship management & the ultimate BR manager
by CTMfile
Anthony Barnes, Director of Corporate Finance, Experian tells all at the ACT’s Cash Management Conference
BNP Paribas diversifies with compliance services for e-commerce
by CTMfile
The European bank is offering a payments and regulatory support service to online marketplaces. Does this signal a step towards a diversified service offering from traditional transaction banks?
When will fintech finally lower banking fees?
by CTMfile
Much has been said and written about the impact of IT on the financial services industry. Despite talk of efficiencies, there has been little sign of savings being passed on to the customer.
CTMfile web-site revamp: faster, & more responsive design for all devices + RANTS
by Jack Large
Hear the anguish in our RANTS and enjoy the clarity and speed on your desktop, tablet and phone
‘One Treasurer’s Wish List’ for the good corporate treasury life
by CTMfile
Phil John, EMEA Treasury Director for MARS suggests what banks and corporates have to do to achieve nirvana
UK’s Open Banking Standard here by end of 2016
by CTMfile
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.
Growing Bank Services Billing standards adoption by banks, suppliers & corporates
by CTMfile
Newsletter shows that in last year there has been important progress in ISO 20022, TWIST, and AFP Global Service Codes usage and the benefits for corporates of BSB are now clear and growing
2,000 sign up to SWIFT’s KYC registry in first year
by CTMfile
Just one year on from its launch, more than 2,000 financial institutions have signed up for SWIFT's Know Your Customer registry.
On the second day of Christmas my consultant sent to me:
by CTMfile
Suggestions on how to minimise the administration burden of banks’ and other institution’s Know Your Customer programmes
Merry Christmas and Happy Holidays from CTMfile
by CTMfile
We will be fully up and running again from 4th January 2016
Payments UK launches Sepa directory ahead of 1 February deadline
by CTMfile
On 1 February 2016, payment service providers (PSPs) in the Eurozone will be required to process Single euro payments area (Sepa) payments using only international bank account numbers (IBANs).
Banks voice concern at evolving crime and poor enforcement
by CTMfile
A report has found that some of the UK's biggest banks spend as much as £660m each year on AML compliance but are concerned about their ability to effectively combat emerging risks.
Corporates can expect greater global tax reporting from January 2016
by CTMfile
Things are about to get a whole lot more complicated in terms of tax and reporting, for both corporates and the institutions they hold accounts with.
John Read, ex-Citi: “universal banking model is inherently unstable & unworkable”
by CTMfile
“No amount of restructuring, management change or regulation is ever likely to change that.” Does this signal ever more turbulent times for big universal banking groups? How do corporates protect themselves?
Dutch lead way in Digital Identity with new bank initiative and government target
by CTMfile
Banks announce pilots for early 2016 and government sets 2017 target for all transactions with citizens and businesses to be conducted electronically
For centralised corporate KYC: only Thomson Reuters Org ID Managed Service suits
by CTMfile
Org ID achieves milestone of 10,000 KYC Records from financial Institutions, funds and corporations
Citi launches paperless account opening and full eBAM in North America
by CTMfile
New features in the eBAM service include electronic submission of supporting documentation for account administration and signer management (Updated with figure)
Swift launches payments and trade finance analytics tool
by CTMfile
Swift has launched a tool, Watch Banking Analytics Premium, that enables its banking customers to analyse their payments and trade finance traffic over the Swift network.
Are global banks in better shape thanks to Basel III?
by CTMfile
A monitoring report has found that all internationally active banks meet Basel III risk-based minimum and Common Equity Tier 1 target capital requirements.
1,125 banks sign up for KYC Registry 10 months after launch
by CTMfile
More than 1,125 financial institutions have now signed up to Swift's Know Your Customer (KYC) Registry, which aids compliance with regulations to prevent financial crime.
A game-changer for bank-corporate connectivity?
by CTMfile
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.
Overcharging on interchange fees is catching up with Visa and MasterCard
by CTMfile
MasterCard pays out $61 million to settle with UK’s Tesco and suits from many other retailers to follow plus interchange fee caps are set to come into force by year end
Know Your Customer (KYC) management in the day-to-day operations of a corporate treasury department
by CTMfile
Steve Pulley, Global MD of Org ID at Thomson Reuters, describes dynamics of KYC, how corporates will be able to ask their banks to go to chosen provider to receive their KYC information, and future of KYC services