2016 Review - August
by Kylene Casanova
Do you really need a TMS? Blockchain will “fundamentally alter” global finance; Align Commerce revolutionary global SME payment service; eBAM the road forward
International Payments
Background
Although, for most companies, cross-border/cross-currency payments make up less than 5% of all payments, they can represent a major proportion of payment costs when the FX conversion costs (which make…
Read more2016 Review - May
by Kylene Casanova
Tailor made corporate treasury? PSD2 and interchange fee regulations; treasury urgently needs to invest in FX risk management capabilities; Banks losing FX market share to non-banks; Host-2-Host or SWIFT?
Q - 03: How does SWIFT’s gpi Payment Tracker “in the cloud” work?
by Kylene Casanova
What is Payment Tracker and the gpi reference number? What are the benefits for banks and corporates? and How are corporates expected to use it?
Payments update: API dominate development as banks retain interface + new player
by Kylene Casanova
APIs plus the flexibility in PSD2 opens up many opportunities. Facebook to offer new C2B payment service, development of Europe’s SCT Instant and HSBC in India
Payment systems future: collaborative ecosystems of leading brands & developers
by Kylene Casanova
Citi’s new global API hub, dLocal, Adyen and the openness in PSD2 show the future of payment systems. Finland’s real time mobile. Don’t forget collections via local payment systems. Card usage in USA keeps growing
Five factors driving growth in European payments
by Kylene Casanova
The European payments market is set to expand by 7 per cent a year until 2020, driven by increasing overall payments volumes and new types of payments.
Omnichannel payment expansion opens up world to global MNCs
by Kylene Casanova
Adyen unlocks 300 million Chinese customers by adding WeChat Pay
Basel Committee proposals help banks avoid risk in correspondent banking
by Kylene Casanova
The Basel Committee has outlined clearer guidance for banks on how to manage risks related to money laundering and the financing of terrorism in correspondent banking.
General slowdown of the Chinese and world economies shown as RMB slips to #3
by Kylene Casanova
SWIFT RMB Tracker shows the euro is now second-most-active currency for trade finance, as values in RMB trade have decreased by 66%and across all currenciesby 35% since October 2013
Q - 02: What is the progress of the global payments innovation initiative?
by Kylene Casanova
SWIFT gpi concept: fast, transparent & traceable cross-border payments has made substantial progress in last year as develop the next generation of correspondent banking payment services with vital game changers
Global payments and collections in a changing world
by Kylene Casanova
Honeywell show how to bring together the latest technologies and standards for a complete solution
For payments to emerging markets, it’s the n/w of local banks that really counts
by Kylene Casanova
INTL FCStone’s low cost funds delivery service provides certainty of delivery at an agreed price for the developing world countries
How can DLT actually be used in payments in next 5 years?
by Kylene Casanova
A white paper has identified several areas of UK payments that would benefit from distributed ledger technology.
The world of transaction banking and payments will be transformed over next decade
by Kylene Casanova
BCG Global Payments 2016 report: Change will take place at dramatically different speeds in mature and emerging markets
Intensity grows in global payments space but collaboration needed
by Kylene Casanova
More blockchain pilots for global B2B payments have been announced but the R3 consortium calls for collaboration to direct the efforts of a largely fragmented fintech market.
Manual AP processes and payment errors are crippling companies
by Kylene Casanova
A survey of US accounting and finance professionals has found that almost half have a payments error rate above 3 per cent for global payables, costing thousands of dollars in payment resolution.
PSD2 survey highlights concerns around reporting and compliance
by Kylene Casanova
More work is needed to iron out concerns regarding the revised Payments Services Directive (PSD2), with several areas of concern highlighted in an EBA survey.
dLocal launches 1st payment platform exclusively for companies entering emerging markets
by Kylene Casanova
New payments platform enables e-commerce businesses to seamlessly and safely collect AND send payments in 14 markets including Latin America, China and Turkey
Mobile payments for corporates goes mainstream with usage accelerating
by Kylene Casanova
Mobile is changing the way corporate treasury department operate not just for balance information but also for payments. HSBC has made $100bn in payments authorised by mobile and Citi over $1trn
What opportunities is PSD2 creating for open banking?
by Kylene Casanova
In the run up to the implementation of PSD2, research finds that the regulation is opening up opportunities for banks to provide new corporate services in payments, trade and cash management.
SEPA gave banks opportunity to simplify internal routing practices
by Kylene Casanova
Research highlights how some banks used the transition to SEPA to simplify their internal routing practices. It suggests that other initiatives may present similar opportunities in the future.
How far has the GPII come in 10 months?
by Kylene Casanova
The global payments innovation initiative was launched in December 2015 to address weakness in cross-border payments. What progress has been made since then?
Cards dominate non-cash payments in the EU and CLS dominates large value payments
by Kylene Casanova
ECB statistics show that in 2015 card usage accelerated, cheques declined, and in large value payments - Target 2 volume is less than half of CLS
EBA CLEARING - growth in support for pan-European real-time payment platform
by Jack Large
It’s all coming together as close to 80 financial institutions are currently planning to join the Company’s future instant payment service in 2017 or 2018. Will use ISO 20022 standards. Rule book out shortly