Global Payments & Transfers Insights

Growth in regulations increases burdens in payment operations

Growth in regulations increases burdens in payment operations

10th November 2011

Company: Accuity
By Joel Lange, payments product managerSince the emergence of software systems to screen payment messages against sanctions lists in the 1990’s there has been a constant struggle between ensuring compliance with global sanctions regimes as well as demonstrating increases in payment efficiency. While compliance departments are judged on... read more
Why banks need flexible systems to keep their customers

Why banks need flexible systems to keep their customers

9th November 2011

Company: ACI Worldwide
By Louis Blatt, chief product officer,ACI WorldwideIf financial institutions recognise a new dawn in their payments business, they are not alone. Plenty of non-traditional players are piling into the market, wooing customers who are looking for more than reliability and a steady job. Louis Blatt, chief product officer at ACI Worldwide, looks at how... read more
The power of concentration

The power of concentration

8th November 2011

Lori Schwartz, head of the Global Liquidity Platform, Global Treasury Solutions, Bank of America Merrill LynchFor the corporate treasurer, the abundance of information that’s available today to make cash management decisions can be a double edged sword. While accurate data is essential to implement effective cash management strategies, filtering... read more
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Are cross-border payment services fit for purpose?

1st November 2011

Company: Earthport plc
By Neil Burton, director of Product Service Strategy, Earthport plcCross-border payments has become a hot topic - albeit gradually, so few people have noticed. While the press spotlight tends to focus on credit and debt, the banking industry simply would not function without its ‘underground pipework’. Transaction banking success, as with... read more
Social media: The mobile money ecosystem

Social media: The mobile money ecosystem

26th October 2011

Company: Sybase
Haridas Nair, vice president, mCommerce Solutions and Services at Sybase 365I recently learned about a sweet little mobile banking application called WishList. You download it to your phone, and type in all the stuff you’d like to buy: furniture, vacations, a house, new car, etc. As you save toward those things, you can allot amounts of money to... read more
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Eradicating counterfeit fraud: the challenges that remain

12th October 2011

Guy Weber, risk manager, SIX Card SolutionsThe latest set of statistics issued by Financial Fraud Action UK(1) show that fraud losses on UK cards decreased in the first half of 2011 compared with the same period last year. Total fraud losses on UK cards fell to £169.8 million between January and June 2011. This represents a nine per cent reduction... read more
Sibos 2011 - And mobile marches on...

Sibos 2011 - And mobile marches on...

22nd September 2011

Company: bobsguide
After four days of intense “critical dialogue” both in the sessions and on the conference floor, the final curtain has almost come down over Sibos. And, as expected, the event’s debate has ducked and dived in and around the key agenda topics. Regulation re-visited, technology, global and local perspectives and changing landscape - new... read more
Improving business continuity for global financial stability

Improving business continuity for global financial stability

22nd September 2011

By Koji Nose, senior consultant, financial technology solution division, ERM project department, Nomura Research Institute (NRI). A sudden natural disaster or an unpredicted geopolitical event has come close to disrupting the way the global financial markets operate too many times. Whether it is an earthquake and tsunami, such as Japan experienced... read more
Why collateral management has become the new buzzword

Why collateral management has become the new buzzword

22nd September 2011

Company: ActiveViam
Allen Whipple, US director, Quartet FS. Collateral sufficiency is a well established risk management process but has become a growing concern for the financial community in recent years. Thanks to regulatory initiatives, as well as the increasing complexity arising from the large and ever-growing volumes of collateralised deals, banks need a... read more
The path to payments efficiency: payment factories

The path to payments efficiency: payment factories

22nd September 2011

Alex Wong, solutions consultant, GTS at Bank of America Merrill LynchPayment factories - though not a new invention - are still surprisingly rare. However, their importance on the strategic value creation chain is undoubted. The step itself of realising a treasury function is the most challenging due to the time, resources and investment needed by... read more