In the third workshop in the Volante Technologies Connectivity series Fiona Hamilton and Neil Clarke from Volante and Mondelez’s Mike Foye examine:
- 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
- the progress in eBAM and BSB standards globally and how to achieve results now
- 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.