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This is the fourth and final one of our four predictions for the Payments industry in 2018, and it is about the global Remittances business. We all know that this area has been badly hit by “de-riskin...
This is the second of our predictions for the Payments industry in 2018, and it is about New Entrants to the payments business. The main focus is on Third-Party Providers and Payment Institutions as o...
The report (119 pages) on the consultation on the Blueprint for the UK's New Payments Architecture was finally made available on the Payment Strategy Forum website at about 3:30 pm today, on a page th...
The objective of developing a Common Reporting Standard (CRS) is to combat tax evasion. Common Reporting Standard (CSR) is the tax reporting framework developed by Organisation for Economic Cooperatio...
Extensive automation of business processes in international banking using artificial intelligence, robotics and machine learning, which I’m going to collectively call robotic process automation (RPA),...
An insight into the challenges that plague the C-Suite of a bank determined to lead the trade finance business. Is Digitization the answer? Trade Finance has been a well established and important bus...
The Payments Services Directive 2 (PSD2) is shaking up the industry, and for good reason. There is sometimes a tendency for the payments ecosystem to expect doom and gloom when it comes to new regulat...
While digitalisation of banking processes has been gathering pace in many areas – from Retail Banking to Payments processing – Trade Finance has been lagging in its digital journey. Recent research fr...
Traditional product-centric banking is a thing of the past. The transformation to customer-centric, relationship-based banking has already commenced and pace is not slow. Banks are forced to focus on ...
Corporates usually open hundreds of accounts to manage their operations, track their receivables and segregate funds relating to different entities / subsidiaries etc. Banks find it a huge operational...
Although banks may appear slow to react and less agile than emerging fintech companies, banks remain their corporate clients’ main point of reference for technology innovation and inclusion. Even many...
I am trying to validate my assumption that while European banks are today working to comply with PSD2 regulatory requirements, they will move in the next two years from a payment-centric API strategy ...