Bank connectivity - which is most cost-effective: Host-2-Host or SWIFT?
by Kylene Casanova
Neither is automatically the cheapest, it all depends ………. Remember: SWIFT figures show that only 45% of Fortune 500 corporates are connected direct to SWIFT
Connectivity
Background
Corporate treasury departments have a massive connectivity problem. They have to communicate and deal internally with almost every department and operating unit within the company or the group, and…
Read moreCompliance is main requirement for distributed ledger technology, BFL poll
by Kylene Casanova
SWIFT has released some of the results obtained from polls conducted at the Business Forum London. The day's presentations focused on themes such as distributed ledger technology.
SWIFT in second cyber attack, TPBank also targeted by fraudulent SWIFT messages
by Kylene Casanova
Following the Bangadesh Bank heist in February, on Friday SWIFT announced further attacks by cyber criminals using malware to defraud banks. Now Vietnam's TPBank says it has interrupted an attack.
SWIFT issues statement refuting Bangladesh Bank hack allegations
by Kylene Casanova
SWIFT has issued a joint statement with the New York Fed and Bangladesh Bank but doesn't address the issue of how $81 million was stolen and which party was liable for the security breach.
Reval and SWIFT partner to provide corporates new bank connectivity option
by Kylene Casanova
Enhanced Bank Connectivity Service gives Reval Cloud users a comprehensive range of solutions
Corporate activity on the SWIFT network and services in 2015
by Kylene Casanova
Less than half of Fortune 500 use SWIFT; only 7 corporates are live on eBAM using 20022 acmt messages on FileAct; Citi first for corporates on SWIFT in India; little progress on BPO and MT798 message usage
SWIFT gets SWIFTSmart with new eLearning platform for banks AND corporates
by Kylene Casanova
New platform will support remote training with digital courses and social learning capabilities to encourage peer interaction across the SWIFT community
Payments UK launches repository service for payment standards
by Kylene Casanova
The UK's payments industry trade association, Payments UK, has launched an online service to help the payments industry get access to and implement payment standards.
Bolivian banks adopt SWIFT’s KYC
by Kylene Casanova
Bolivian banks connected to SWIFT are now using the Know Your Customer (KYC) registry. What are the implications of this growing use of the KYC programme for corporate treasury?
SWIFT to launch Payments Data Quality service
by Kylene Casanova
SWIFT has announced it will launch a collaborative initiative that supports FATF Recommendation 16 requirements for wire transfers.
Hanse Orga introduces ‘HO Global Format Integrator’ for payments
by Kylene Casanova
New ‘plug & play’ solution for companies wishing to configure and establish international transaction messages faster and easier into their SAP system.
Will blockchain undermine SWIFT’s monopoly?
by Kylene Casanova
SWIFT has announced a pilot for its global payments initiative to increase efficiency of cross-border payments. But is the SWIFT model ideal for corporates and could blockchain challenge its status?
2015: 240 new corporate groups joined SWIFT, 47% with less than 1 Bn USD turnover
by Kylene Casanova
Global roll out continues with 44 in the Americas, 44 in Asia Pacific and 152 in EMEA, and 19%+ growth in message traffic
SWIFT and CIPS to collaborate on cross-border interbank payments
by Kylene Casanova
SWIFT and the China International Payment Service (CIPS) have signed a memorandum of understanding (MOU) setting out their collaboration on China's cross-border interbank payment system.
Mobile services are for “quick tasks” in the corporate treasury workflow
by Kylene Casanova
Citi crosses $1trn transaction value milestone in institutional mobile banking as mobile services take up goes global for critical simple tasks
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
SWIFT Standards Release 2016 supported by Volante Technologies
by Kylene Casanova
Volante Technologies confirmed its support for the latest SWIFT Standards 2016 update.
Corporate treasury on the Cloud: damned if you don’t, damned if you do
by Kylene Casanova
The new 'glibc' bug might make “everything on the Internet” vulnerable to attack, or at the very least it's a widespread code flaw that all companies should ensure is patched up and on their risk agenda.
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.
Multi-Bank Integrator from The B2 Group improves corporate-to-bank connectivity
by Kylene Casanova
Early usage indicates connection to B2’s Multi-Bank platform could be cheaper than directly using bank’s host-to-host or SWIFT links
Seven ways the financial industry can benefit from blockchain technology
by Kylene Casanova
Euroclear and Oliver Wyman have jointly published a white paper on the potential of blockchain technology and how it could be used and adopted.
CitiConnect® ERP Integrator™ connects corporate clients to over 90 Citi branches worldwide
by Kylene Casanova
Leveraging core SAP ERP capabilities, the task of creating XML files to integrate with banks’ payment systems is now simpler, faster and more cost-efficient
On the third day of Christmas Claude E Shannon* sent to me suggestions on how to:
by Kylene Casanova
Improve my corporate treasury department’s connectivity internally and externally
Cyber threats: corporates must beware ransomware in 2016
by Kylene Casanova
Kapersky Lab yesterday published its report on IT security in 2015, which tracks the evolution of cyber threats in the corporate sector.