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How to manage connectivity standards today and tomorrow

In the third workshop in the Volante Technologies Connectivity series Fiona Hamilton and Neil Clarke from Volante and Mondelez’s Mike Foye examine:

  1. standards and usage implementation progress? And how do corporates manage the many variations?
    • Mondelez: short cut the lack of global standards by minimising no. of banks and setting one global format of XML Version 3 for chosen banks
    • how vital it is to focus on the Common Global Implementation/usage of these standards
  2. the progress in eBAM and BSB standards globally and how to achieve results now
  3. how to handle full remittance data and the possible emergence of new services.
Key timing points
1.06 Global position and how handle
6.52 eBAM and BSB standard progress and opportnities
10.24 Future of full remittance data processing
16.59 Mondelez conclusions
17.53 Volante conclusions

CTMfile take: Mondelez’s conclusion that right now the most effective position is to: 1) wait until things are clearer and the usage of standards has become more normalised and 2) just concentrate on the standards and services from a limited number of key banks, is vital. While Volante’s conclusion that vendors will have an increasing role in developing new global connectivity services could have major implications.


This item appears in the following sections:
Connectivity
Electronic Banking Connectivity
SWIFT Corporate Connectivity
Treasury Systems Connectivity

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