ISO 20022 real-time payment message guidelines published
by Kylene Casanova
ISO 20022 message guidelines have been published following international approval from the senior global registration body, the ISO 20022 Registration Management Group.
All posts
32% of senior executives concerned over corruption, cash payments implicated – EY survey
by Kylene Casanova
The EY global fraud survey highlights increased pressure on companies to identify and mitigate fraud, bribery and corruption issues.
Redeveloped Swiss payments systems is “first of its kind in Europe”
by Kylene Casanova
Switzerland's new interbank payments systems has gone live, enabling continuous processing of payments using global ISO 20022 messaging standards.
UK’s Faster Payments keeps on growing at 14%/year while cheques decline continues
by Kylene Casanova
Single immediate payments on Faster Payments are growing at 20%/annum AND the new Access Model will enable corporates world-wide easier access and usage
Do finance and big data analytics go hand-in-hand?
by Kylene Casanova
The Association of Financial Professionals (AFP) has published a guide to big data, explaining how financial professionals can harness big data in core financial processes.
Basel Committee proposes definitions for problem loans
by Kylene Casanova
The Basel Committee on Banking Supervision has published a consultation document on how banks should treat non-performing loans under Basel III.
DynamicPay - bank independent dynamic discounting service from Danske
by Kylene Casanova
Flexible financing, ease of setup and use are the key differentiators
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?
IASB’s webcast on the definition of a ‘lease’
by Kylene Casanova
The International Accounting Standards Board (IASB) has recorded a web presentation discussing the requirements of IFRS 16 Leases relating to the definition of a lease.
Mobile payments in India to accelerate as Unified Payments Interface goes live
by Kylene Casanova
National Payments Corporation of India’s Unified Payments Interface (UPI) went live on April 11 and is expected to change the way mobile banking transactions are conducted in India, AND increase usage dramatically
World’s 5 largest banks are based in Asia, & China-headquartered banks made up top 4
by Kylene Casanova
According to S&P Global Market Intelligence's latest global bank rankings, HSBC fell to 6th and Citi remains at 13th
Three out of four companies choose banks based on online security
by Kylene Casanova
Three-quarters of companies select their banks according to security reputation while 88 per cent are willing to pay higher fees for banks with a proven security track record.
Almost half of UK SMEs frustrated by delayed B2B payments
by Kylene Casanova
A survey by YouGov and ACI Worldwide has found that 48 per cent of small to medium-sized businesses in the UK are unhappy with late payments from customers.
EPC launches public consultation on their pan-European scheme for instant payments
by Kylene Casanova
What should corporates demand from the pan-European instant payment scheme? Don’t let banks decide, get involved. You have until 10 July 2016 to comment. Scheme goes live in November 2017
EBA CLEARING’s STEP2 offering unlimited remittance info service in SCTs now live
by Kylene Casanova
Now possible to bundle a large number of invoices/credit notes into one SCT payment and for easy reconciliation on receipt. Eight STEP2 banks offer the new enhanced extended remittance information service
New rules for insider persons and companies in Sweden
by Kylene Casanova
The Market Abuse Regulation is due to come into effect in Sweden on 3 July 2016. It requires that companies keep a logbook and insider list.
Three trends affecting capital flows in the EU
by Kylene Casanova
The European Commission has published a document giving a summary of the main developments regarding freedom of payments in the EU.
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.
If you thought regulatory upheaval was over, think again
by Kylene Casanova
Last week the EC defined some of the crucial details for MiFID II and the US Chamber of Commerce said more regulation is on the way in 2016.
EPC issues clarification on ‘Change of Creditor’ rules for Sepa Direct Debit
by Kylene Casanova
The European Payments Council has published a paper that clarifies whether a new Sepa Direct Debit mandate is required in case of a change of the creditor or of the creditor reference party.
NACHA reveals same-day ACH payments will be available in USA by Sept 2016
by Kylene Casanova
Survey shows that payroll and B2B services will be the top offerings initially and also that most banks will offer the same-day services to all clients
The Panama Papers: reverberations throughout the financial services industry
by Kylene Casanova
Maybe you never heard of Mossack Fonseca before this week but the fallout from the Panama tax evasion and money laundering scandal could touch all echelons of the financial services industry.
Beneficiary identification check could cut risk of payment error and fraud - report
by Kylene Casanova
Payments UK's latest report recommends that an additional confirmation of payee identity should be introduced to reduce the risk of payment error and fraud.