Treasury Management Systems Insights

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Sanctions compliance: a fresh warning for the air cargo industry

29th May 2018

Company: Accuity
Recent news that a Maersk company carried arms components from North Korea to Egypt - in violation of international sanctions - acts as a fresh warning for those facilitating global trade to be diligent in monitoring and reporting suspicious activity. The transportation of electrical components by a Maersk subsidiary, which had the potential to be... read more
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The transaction security landscape: new mandates, new challenges

25th May 2018

Company: Credorax
As consumer adoption of mobile and online commerce channels continues to grow, fraud losses are becoming a major pain point for mature markets. To address this security challenge, strong customer authentication will become mandatory in the European Union. Even without regulatory mandates, the problem is significant enough for providers to take... read more
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Navigating Basel: how innovative lending strategies can maintain competitive advantage

25th May 2018

The deluge of regulations to have hit financial markets since the banking crisis has without a doubt completely reshaped the industry. As well as the burdensome nature of reporting obligations as regulators have attempted to create more transparent markets, capital requirements have fundamentally changed the makeup of each bank and lending... read more
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The pillars of evaluating core upgrades and conversion

24th May 2018

Company: Finxact
I recently met with the senior team of a large bank that is evaluating a conversion to a modern core banking system. They articulated an interesting perspective of how they viewed their “core processing”. This in turn resulted in us discussing what “core processing” really means to their bank. Asking what “core... read more
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Cyber warfare in payments gets intelligent

23rd May 2018

Company: bobsguide
Artificial intelligence has come on leaps and bounds in the past few years, with big data and cyber security adding much to financial service firms’ means of protection. Here, bobsguide speaks with Nezar Nassr, technical product manager and Nasser Sweileh, head of financial crime and compliance risk, product development management, of... read more
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Why are there so many cryptocurrencies?

21st May 2018

There are 1583 cryptocurrencies listed on coinmarketcap.com. That is more than all the different types of fiat currencies in the world. The question many people ask is, why are there so many of them? Just nine years ago, there was only Bitcoin. Now we have a cryptocurrency in virtually every sector of the economy.   All these... read more
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Selecting a software vendor: 4 critical considerations

18th May 2018

Company: FundCount
Determining what matters most when choosing a software vendor for your project is like asking what matters most when buying a new car. The answer is likely to be, “it depends.” It depends on whom you ask. It depends on budget, needs, goals and sensibilities. So, where do you begin and what are the most important considerations? First... read more
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Forging partnerships: The relationship between banks and payment service providers

16th May 2018

Company: ECommPay
Collaboration, cooperation, competition. Banks and payment service providers tend to engage in one of three ways. This relationship is contingent on the operational models of both parties. Players within the payments space include payment processors, payment gateways, and acquirers. Each tends to operate within its own niche, but these operations... read more
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Why would I need a token?

14th May 2018

And it usually does in a stealth mode, sometimes under the tightly closed lid of our laptops. In its 2015 report, KasperskyLab points out that the dealings of just one hacker group called Carbanak, which targeted around 100 banks in Europe and China, brought a total loss of USD 1 trillion in the course of a year. Let us remember that the published... read more
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Winds of change in cross border banking

9th May 2018

Having remained relatively unchanged for many generations, the cross border payments map is being transformed. The forces driving change are coming from all angles, entirely reshaping the landscape, and drawing a new map. New entrants are changing expectations and demand. Large global banks are retreating from their traditional correspondent... read more