Treasury Management Systems Insights
22nd October 2020
As financial institutions adapt to the pandemic, business continuity planning (BCP) has emerged as a key area of improvement for banks of all sizes. While small banks have previously had less regulatory pressure to demonstrate liquidity management and stress testing, this fact is now changing.
“I can see smaller institutions trying to get... read more
21st October 2020
Data has been a hotly discussed topic in the banking world for some time now. And as firms learn to adapt to the latest pandemic pressure – whether that be new working environments or unprecedented levels of market volatility – the need for real-time visibility of their data has never been more important.
But when it comes to... read more
14th October 2020
Despite growing risks of cyberattacks and the need to switch to remote working, Financial Market Institutions (FMIs) adapted well to the crisis, according to speakers at Sibos.
“FMIs could quickly move to the new mode of working, especially during volatile markets. It all went smoothly,” said Fiona Van Echelpoel, deputy... read more
8th October 2020
“Data-only transactions already dwarf payment transactions and that will just increase tenfold over the next few years, both at the domestic payment system level and at the cross-border level,” said Paul Stoddart, president, new payment platforms, Mastercard during a Sibos panel yesterday.
According to Stoddart, data-only... read more
7th October 2020
Technological innovation is helping businesses streamline existing processes and free their workers from the drudgery of many manual tasks. But despite there being lots of solutions in the market offering an abundance of functionality, treasury departments have been slow to adopt new technologies, with spreedsheets still remaining a standard tool... read more
6th October 2020
Regulatory divergence and poor data quality continue to limit advancements in instant payments, according to a banking panel at Sibos today.
“In terms of the instant and general payments, probably the biggest challenge today… is the difference in regulatory approach by every country,” said Bruno Mellado, global head of... read more
6th October 2020
As central banks show increased interest in developing their digital currencies, understanding, and grasping the benefits of implementing Central Bank Digital Currencies (CBDCs) remains at the core of the debate.
Arwen Smit, author and senior adviser at MintBit, believes the decline in the usage of cash is not the only driver for adopting... read more
5th October 2020
The International Chamber of Commerce (ICC) is working to standardise trade digitisation as pressure for interoperability mounts, according to Oswald Kuyler, managing director at the ICC.
“A lot of these [trade] platforms are digital islands not because they choose to be, but because of the enormous challenges required to open them up.... read more
22nd September 2020
The impact of the pandemic has been felt around the world, and in so many ways. It has highlighted the need to counter some of the world’s problems and, in that respect, has increased the urgency to create better outcomes for society.
We’ve witnessed an acceleration in digital transformation strategies, as institutions look to better... read more
21st September 2020
Individual investors don’t always know how to manage their money in case of major global events. What role do banks play in guiding and educating those investors in such moments?
In the first six months of 2020, Belgian investors have shown an increasing interest in online investments and made 50 percent more transactions than last... read more